Lean Manufacturing Shares Many of the Same Methodologies as

question 50

Multiple Choice

Lean manufacturing shares many of the same methodologies as

• A) activity-based management.
• B) JIT manufacturing.
• C) process costing.
• D) none of the above.

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Definitions:

Price Discrimination

An approach to setting prices where a provider charges different rates for the same or very similar items in various markets.

Resale Of Goods

The act of selling previously owned or used products to another party.

Socially Efficient Price

A price point for goods or services that optimally allocates resources in a way that benefits the entire society, taking into account both private and external costs and benefits.

Price Discrimination

A pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets or to different customers.