Lean's Primary Goal Is to Eliminate Waste in Business Processes

question 6

True/False

Lean's primary goal is to eliminate waste in business processes.

---

Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good that suppliers are willing and able to provide.

Market

A system or an arena where parties engage in exchange of goods, services, or information.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.