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-Metropolitan Achievement Test
Low Variable Costs
A situation where costs that vary with the level of production or service delivery are kept minimal.
Process-Oriented Facilities
Facilities designed around the specific processes and activities involved in production, often tailored to handling a variety of product types or flexible manufacturing.
Utilization
The extent to which a resource, such as equipment, space, or labor, is being used effectively and efficiently.
Excess Capacity
The situation in which a company can produce more products or services than currently demanded by the market.
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