Explain What Is Meant by the "Lean Business Model" and Why

question 190

Essay

Explain what is meant by the "lean business model" and why many businesses have adopted it.

---

Definitions:

Type of Involvement

Refers to the level of personal interest and importance that a consumer places on the acquisition, consumption, and disposal of a good or service.

Relationship

A connection, association, or involvement between individuals or entities based on emotions, commitments, or agreements.

Dishwasher

A mechanical device used for cleaning dishes and cutlery automatically, significantly reducing manual labor in kitchen cleaning tasks.

ABC Model

A framework used in psychology, particularly in cognitive-behavioral therapy, that describes the interrelation between affect (emotions), behavior, and cognition (thoughts).