Which of the Following Is Generally Found in Most Lean

question 19

Multiple Choice

Which of the following is generally found in most lean environments?

• A)a push or pull system,depending upon the rate of demand
• B)a push system for high margin items and a pull system for low margin items
• C)a push system for purchased parts and a pull system for manufactured parts
• D)push systems
• E)pull systems

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Definitions:

Perfect Competition

A market structure characterized by many buyers and sellers, homogenous products, and the free entry and exit of firms, leading to price takers.

Marginal Product

The additional output generated by employing one more unit of a certain input, such as labor or capital.

VMPL

The Value of Marginal Product of Labor, which is the additional value created by employing one more unit of labor.

Profit-maximizing

The process by which a firm determines the price and output level that generates the most profit.