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.

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Definitions:

Total Investment

The total amount of money invested in assets, projects, or securities by individuals, companies, or governments.

Expected Rate

The Expected Rate often refers to the anticipated return or yield on an investment, savings, or any financial product over a specified period.

Market Rate

The prevailing price in the market for goods or services, influenced by supply and demand dynamics.

Interest

The charge for borrowing money, typically expressed as an annual percentage rate, or the return earned on investments.