One Form of Long-Term Team That Is Increasingly Being Used

question 193

Multiple Choice

One form of long-term team that is increasingly being used, especially in lean production settings, is:

• A)quality circle.
• B)product design.
• C)self-directed.
• D)self-improvement.
• E)mandatory.

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Definitions:

Substitute

A good or service that can be used in place of another, offering consumers a choice when making purchase decisions.

Input

Resources used in the production process of goods or services, including labor, materials, and capital.

Removing Subsidy

The process of eliminating financial support provided by governments to businesses, individuals, or other government departments.

Equilibrium Price

The price point at which the quantity of goods demanded equals the quantity of goods supplied, without any external intervention.