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The Key Lean Principles Focus on __________, ____________, ____________, and ___________

question 33

Multiple Choice

The key lean principles focus on __________, ____________, ____________, and ___________. All of these key business principles have a direct effect on the purchasing function.


Definitions:

Entrepreneur's Potential Earnings

The forecasted income an entrepreneur expects to earn from a business venture, taking into account both risks and opportunities.

Annual Lease

A contract or agreement that outlines the terms under which one party agrees to rent property from another party for a period of one year.

Payments to Workers

Financial remuneration provided to employees for their labor, often in the form of wages or salaries.

Entrepreneur's Forgone Interest

The potential revenue lost by investing in one's own business instead of utilizing those funds in an alternative investment.

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