-Technological advances are difficult to predict.One great advance can replace or substitute for existing products in a relatively short period of time.As shown in The New Yorker ad above,tablet devices,such as the iPad,could possibly replace its weekly __________.
Definitions:
External Process Perspective
An approach that focuses on the inputs and outputs of processes, emphasizing interactions with external entities.
Balanced Scorecard
A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.
Cost of Goods Sold
The direct costs attributed to the production of the goods sold in a company, including both materials and labor.
Standard Costs
Predetermined costs for the production of goods or services, used as benchmarks to measure actual production costs and performance efficiency.
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