Toyota has one of the finest production system of cars in the world.
It constinuously strives to improve its production lines and waste managements.
The waste and inefficiency are refetrred to as Muda and the company makes ongoing efforts to reduce this is known as Kaizen.
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Muda</h3>
It is a Japanese term which is used for uselessness. Toyota tries to manage and allocate its resources effectively so that its waste is limited.
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Kaizen</h3>
It is a Japanese term which means continuous improvement.
Toyota follows this technique iin its production so that its allocates optimal resources and produces minimum possible waste which leads to increased profitability.
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Answer: Factor endowments
Explanation:
Factor endowment is amount of land, capital, labor, and entrepreneurship that is possessed by a country and which the country can use for production purpose.
Therefore, Attributes of a company's competitive advantage, including land, capital, technological knowhow, and physical infrastructure, are factor endowments.
Answer:
Different communication methods are used in different circumstances because sometimes a certain method will be more effective in terms of cost, time and impact, and sometimes it will be more appropriate.
Explanation:
Answer:
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