What Does TPS Stand For

question 133

Multiple Choice

What does TPS stand for?

• A) Total Production Streamlining
• B) Toyota Production System
• C) Taguchi's Production S's
• D) Total Process Simplification
• E) Toronto Power System

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Definitions:

Strategic Business Unit

A semi-autonomous division or unit within a firm that focuses on a specific market or product line, having its own strategy and objectives.

Subsidiary

A subsidiary is a company that is wholly or partially owned and controlled by another company, referred to as the parent company, and operates under its wing while maintaining some level of independence.

Set of Related Offerings

A collection of products or services that are connected or complementary, offered by a business to meet various customer needs.

Corporate Level

Pertains to the highest strategic tier of decision-making in a company, involving overarching policies and goals.