Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 1 - Managerial Accounting: An Overview - Questions - Page 19: 1-13

Answer

In lean production, a company only produces units in response to customer orders, so inventory is of minimal importance.

Work Step by Step

In lean production, a company only produces units in response to customer orders, so inventory is of minimal importance.
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