A small company's executives decided to target one segment of the market with strong growth ability. What type of competitive advantage is this?   Question 6 options:   a)  Product/services differentiation competitive advantage   b)  Cost competitive advantage   c)  Niche competitive advantage   d)  Situational competitive advantage

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Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.