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Describe the characteristics found to exist in most divisional incentive compensations plans.
Lean Environment
A systematic method for waste minimization within a manufacturing system without sacrificing productivity, focusing on adding value and reducing non-value activities.
Raw Materials
Basic materials used in the production process, not yet transformed into final products.
Traditional Environment
A conventional business or work setting that adheres to long-established methods or practices.
Pull Manufacturing
A production method where production is based on customer demand rather than forecasting, utilizing techniques to only produce what is needed when it's needed.
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