Takt Time Sets the Upper Limit on the Elapsed Time

question 23

True/False

Takt time sets the upper limit on the elapsed time between completion of successive items on a production line.

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Definitions:

Technological Environment

The external factors in technology that impact the operations of a business, including innovation, trends, and regulations.

Economic Environment

The totality of economic factors, such as employment, income level, and inflation, that influence the operation of a company or market.

Competitive Environment

The dynamic external system in which businesses compete for resources, customers, and market share.

Legal/Regulatory Environment

The framework of laws, regulations, and standards that govern how businesses operate, affecting everything from corporate behavior to market competition.