The Manufacturing System Focused on Reducing Inventory Levels and Waste

question 40

Short Answer

The manufacturing system focused on reducing inventory levels and waste is called __________ manufacturing.
or
or

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Definitions:

Fixed Expenses

Expenses that do not change in total over a short period of time, regardless of the level of outputs or activity levels.

Segment Margin

The amount of profit or loss generated by a specific segment of a business, after accounting for the direct costs and expenses attributable to that segment.

Traceable Fixed Expenses

Costs that are consistently the same in total but can be directly linked to a specific department, project, or product.

Net Operating Income

A profitability measure that calculates a company's income after operating expenses are subtracted but before deducting interest and taxes.