Changes in Product-Costing and Operational Control Approaches Are Crucial to a Value-Stream

question 120

True/False

Changes in product-costing and operational control approaches are crucial to a value-stream based lean manufacturing system.

---

Definitions:

Equilibrium Price

The market price at which the supply of an item matches demand, resulting in stable prices and volumes traded.

Per-unit Tariff

A fixed fee imposed by a government on each unit of imported or exported goods.

Tariff Revenue

Income that a government receives from imposing duties on imported goods.

Foreign Producers

Companies or individuals that manufacture or provide services in one country for consumption in another country.