The method that was adopted by the Chinese manufacturers who instead of creating a new product, adopted a different strategy is: Lean manufacturing initiative.
Lean manufacturing initiative is a form of manufacturing where the producer identifies non-value adding activities and initiates measures to systematically eliminate these.
The process is gradual. Most manufacturing organizations adopt this process.
This is the same with the Chinese industries who instead of immediately creating a new product, adopt the strategy of introducing competing products.
Learn more about lean manufacturing initiative here:
brainly.com/question/24155857
Answer:
a) True
Explanation:
We can not determine the exact percentage by which a 6% reduction in inflation will cause a hike in unemployment but this conclusion is true. As per the Philips Curve, inflation and unemployment are in an inverse relationship
This is to say an increase in one will cause a decrease in the other and vice versa. This relationship however is not linear and so the degree of changes one variable causes in another will depend on the economy and statistics of the economy.
Hope that helps.
The correct answer is option c)
