When Implemented as a Comprehensive Manufacturing Strategy, JIT, TPS, and Lean

question 87

True/False

When implemented as a comprehensive manufacturing strategy, JIT, TPS, and lean systems sustain competitive advantage and result in increased overall returns.

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Definitions:

Compounded Annually

The annual computation of interest that adds together the original investment and the previously earned interest.

Maturity Value

The amount payable to an investor at the end of a fixed term investment, including the principal and the interest.

Investment

Allocation of resources, such as time, money, or effort, in the expectation of generating an income or profit.

Missing Value

A missing value refers to a data point that is absent in a dataset, often due to non-response or data collection issues, requiring special handling in data analysis.