Toyota Production System Is Another Term for a Lean System

question 29

True/False

Toyota Production System is another term for a lean system.

Recognize the significance of infrastructure in global marketing strategies.

Identify the characteristics and strategies of entering foreign markets.

Analyze the role of cultural, economic, and political factors in global business.

Understand the concept and application of glocalization in global marketing.

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Definitions:

Net National Income

The total income of a nation after adding all payments from abroad and subtracting all payments to abroad, including depreciation.

Gross National Product

The total market value of all the goods and services produced by a country's residents and businesses over a specified period.

Net National Product

The total value of all goods and services produced by a country over a specific time period, minus depreciation.

Gross Domestic Product

The aggregate market or monetary value of all completed goods and services produced inside a nation's boundaries over a certain time frame.