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A waiting-line system with one waiting line and three sequential processing stages is a multi-channel single-phase system.
Cause Marketing
A marketing strategy where businesses align with social issues or causes to generate societal impact and also promote their brand.
Charitable Contribution
Donations of money, goods, or services to nonprofit organizations or charities to support their causes and obtain potential tax benefits.
Tax Deduction
An allowable expense that can be deducted from taxable income, thus reducing the overall tax liability.
Fiscal Year
A one-year period used for financial reporting and budgeting that does not necessarily align with the calendar year; the start and end dates are chosen by the company or government entity.
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