Another interpretation given to the acronym TPS is ‘Toyota Profit System’. There are few business sectors that can decide the sale price based on the desired margin. In most sectors, especially in mature areas, the price is decided by the market: the margin for the company is strictly related to the product cost (Figure 18.1).
Figure18.1 Margin on products
Figure 18.1 details
The illustration ‘demand greater than supply’ shows two stacked bars of different sizes, the second longer than the first, representing product cost and margin. The product cost occupies three-fourth of the bar. The whole bar is labelled ...
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