At Toyota, Its Lexus Designers Attempt to Make Improvements to the Car's

question 223

Multiple Choice

At Toyota, its Lexus designers attempt to make improvements to the car's design each year, even if those changes are minor ones. This process is an example of:

• A) continuous improvement.
• B) concept testing.
• C) product liability.
• D) empowerment.
• E) market testing.

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Definitions:

Lot Size

The quantity of goods considered to be a standard amount for buying or manufacturing, often determined by considering production efficiency and inventory holding costs.

Fill Rate

The percentage of customer demand that is met without backorders or delays, indicating the efficiency of inventory management.

Forecast Uncertainty

The degree of unpredictability in predicting future events, often related to demand, supply, or other market factors.

Customer Demand Data

Customer demand data encompasses information about customer preferences, purchase history, and demand forecasts that inform production and stocking decisions.