A Philosophy to Eliminate Waste, by Reducing the Time Products

question 82

Short Answer

A philosophy to eliminate waste, by reducing the time products spend in the production process and eliminating the time that products spend on activities that do not add value.

---

Definitions:

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and gives holders voting rights.

Control

The power to influence or direct people's behavior or the course of events, often used in the context of management or ownership of companies.

Equity Carve-out

A financial transaction in which a parent company sells a portion of the equity of a subsidiary to public investors, but still retains a controlling interest in it.

Tax Advantages

Financial benefits derived from tax laws, which reduce a person or a company's tax burden.