Tag: produce

Kanban

DefinitionKanban is a scheduling system for lean manufacturing and just-in-time manufacturing. Taiichi Ohno, an industrial engineer at Toyota, developed kanban to improve manufacturing efficiency....

Natural Monopoly

DefinitionA natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of...

Absolute Beneficiary

What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also...

Absolute Advantage

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...

Make To Stock (MTS)

What does 'Make To Stock - MTS' mean Make to stock (MTS) is a traditional production strategy that is used by businesses...
Absolute Return

Absolute Return

What is 'Absolute Return' Absolute return is the return that an asset achieves over a certain period of time. This measure looks at the appreciation...
Canadian Association of Petroleum Producers

Canadian Association Of Petroleum Producers (CAPP)

What is the Canadian Association of Petroleum Producers (CAPP)? The Canadian Association of Petroleum Producers (CAPP) is a national, industry-funded organization that represents Canada's upstream...
Tangible Asset

Tangible Asset

What is a tangible asset A tangible asset is an asset with a physical form. Tangible assets include both fixed assets, such as buildings and...

Passive Foreign Investment Company (PFIC)

What is a 'Passive Foreign Investment Company - PFIC' A passive foreign investment company (PFIC) is a foreign-based corporation that exhibits either...

Economies of Scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output...

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