Only Manufacturers Use the Lean Business Model

question 26

True/False

Only manufacturers use the lean business model.

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Definitions:

Product Development

The process of bringing a new product or service to the market, involving concept generation, design, development, and marketing.

Idea Creation

The process of generating new, innovative concepts or solutions.

Competitive Advantage

An attribute that allows an organization to outperform its competitors, achieved through offering superior value to customers or lower costs.

Delivery

The process of transporting goods from one place to another, fulfilling customer orders, or executing tasks as promised.