How lean manufacturing concept effected the production in Japan Concept Introduction: Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation. Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

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Answer 1

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Chapter 2, Problem 3QFT

To determine

How lean manufacturing concept effected the production in Japan

Concept Introduction:

Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation.

Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

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Answer 2

Question

Chapter 2, Problem 3QFT

To determine

How lean manufacturing concept effected the production in Japan

Concept Introduction:

Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation.

Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

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Answer 3

Question

Chapter 2, Problem 3QFT

To determine

How lean manufacturing concept effected the production in Japan

Concept Introduction:

Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation.

Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

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Answer 4

Question

Chapter 2, Problem 3QFT

To determine

How lean manufacturing concept effected the production in Japan

Concept Introduction:

Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation.

Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

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Answer 5

Chapter 2, Problem 3QFT

To determine

How lean manufacturing concept effected the production in Japan

Concept Introduction:

Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation.

Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

Answer 6

Chapter 2, Problem 3QFT

To determine

How lean manufacturing concept effected the production in Japan

Concept Introduction:

Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation.

Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

Answer 7

Chapter 2, Problem 3QFT

To determine

How lean manufacturing concept effected the production in Japan

Concept Introduction:

Lean Manufacturing: The method of manufacturing in which the factors of production are demanded according to the immediate need of the production unit. The main objective of such method is to reduce the non-value adding activities in production. This helps in the reduction of operation cost and increase in profit. It helps in optimal and efficient use of inputs as well as efficient allocation.

Comparative Advantage: In a trade a country has comparative advantages in producing goods when the opportunity cost of producing that good is less in comparative to the nation with which it is trading.

Answer 8

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Answer 10

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Answer 11

Ch. 2.A - Prob. 1P Ch. 2.A - Prob. 2P Ch. 2.A - Prob. 3P Ch. 2.A - Prob. 4P Ch. 2.A - Prob. 5P Ch. 2.A - Prob. 6P Ch. 2.A - Prob. 7P Ch. 2.A - Prob. 8P Ch. 2.A - Prob. 9P Ch. 2.A - Prob. 10P

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