Examlex
Devices and products connected through the Internet of Things can collect data and communicate it to each other.
Bottlenecks
Points of congestion in a system where the actual or potential capacity is less than the demand, leading to delays or slowdowns.
Target Costing
A pricing strategy where the selling price of a product is determined first, and then the manufacturing cost is managed to ensure profitability.
Market Share
The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.
Manufacturing Costs
Expenses incurred in the process of producing goods, including raw materials, labor, and overhead costs.
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