For Lean Manufacturing Practices to Work Well in a Firm

question 111

True/False

For Lean manufacturing practices to work well in a firm, experts say that the organization's culture must change in significant ways.

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Definitions:

Income

Payments regularly received for work done or money invested.

Prices

The amount of money required to purchase a good or service, indicating the value placed on it by the market.

Preferences

In economics, this refers to the subjective tastes and likes of individuals, which influence their choices among various goods and services.

Prices

The financial amount expected, required, or supplied as remuneration for an item.