Examlex
Lean thinking is a philosophy incorporating tools which seek to economically optimize:
Marginal Product
The additional output resulting from using one more unit of a production input, keeping all other inputs constant.
Marginal Revenue
The supplementary income generated from the sale of an extra unit of a good or service.
High Skilled Labor
High Skilled Labor refers to jobs that require advanced knowledge or abilities, often gained through extensive education or specific training, and typically command higher wages.
Marginal Revenue
The extra revenue earned by selling an additional unit of a product or service.
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