Examlex

Solved

Explain What Is Meant by the "Lean Business Model" and Why

question 190

Essay

Explain what is meant by the "lean business model" and why many businesses have adopted it.


Definitions:

Sherman Act

A federal statute that prohibits monopolistic business practices and promotes competition.

Injunctions

are judicial orders that restrain a person from beginning or continuing an action threatening or invading the legal right of another, or that compel a person to carry out a certain act, like repairing a nuisance.

Remedies

Legal means for enforcing rights or compensating harm due to the breach of a legal duty.

Tying Arrangements

Business practices where the sale of one product or service is conditioned on the purchase of another, often scrutinized under antitrust laws for potentially restricting competition.

Related Questions