The 5S Term __________ Includes Analysis to Improve Workflow and Reduce

question 108

Short Answer

The 5S term __________ includes analysis to improve workflow and reduce wasted motion.

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Definitions:

Market

A conceptual or physical place where buyers and sellers convene to exchange goods, services, and information.

Economic Profit

The discrepancy between overall earnings and the aggregate of explicit and implicit expenditures.

Dynamic Change

Dynamic change refers to the continuous and possibly unpredictable changes in conditions, situations, or systems over time.

X-Inefficiency

Occurs when a firm operates at higher costs than necessary, often due to lack of competitive pressure or managerial inefficiency.