Adopting a Lean Business Model Should Have No Effect on Cost

question 168

True/False

Adopting a lean business model should have no effect on cost in a modern manufacturing environment.

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Definitions:

Specific Tariff

A specific tariff is a fixed fee imposed by a government on each unit of imported goods, based on quantity rather than value.

Lump-Sum Tax

A fixed amount of tax that an individual or business is required to pay, regardless of income or transaction value.

World Price

The price at which goods are traded internationally, determined by global supply and demand conditions.