Asked by Itzamar Gutierrez on May 28, 2024
Verified
In order to eliminate waste, companies must adopt and implement one or more management practices that focus on different aspects of the lean business model such as:
A) maintaining inventories large enough to shield against all unanticipated disruptions.
B) Just-in-Time.
C) Activity-Based Costing.
D) multi-dimensional performance measurement systems.
Lean Business Model
A strategy focused on creating value for customers with minimal waste and resources, emphasizing flexibility and efficiency.
Multi-Dimensional Performance
An approach to evaluation that considers various aspects of performance, such as efficiency, effectiveness, and quality, across different domains or dimensions.
- Understand the lean business model and its components.
Verified Answer
Learning Objectives
- Understand the lean business model and its components.
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