The Main Goal of the Lean Business Model Is the Elimination

question 66

True/False

The main goal of the lean business model is the elimination of waste while satisfying the customer and providing a positive return to the company.

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Definitions:

Capital Contributions

Funds or assets given to a company by its owners or shareholders to support the business, which increase equity but are not considered income.

Capital Balance

The amount of money that stakeholders have invested in a company, often shown in the equity section of a balance sheet.

Income Distribution

This refers to the way money is allocated among individuals or groups in an economy, indicating how wages, salaries, and profits are divided.

Capital Contributions

Monetary or other assets provided by owners or shareholders to increase a company's equity.