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How do globalization and technology impact marriage and the family?
Target Cost
The desired cost of a product as determined by its expected selling price minus desired profit, aimed to ensure competitiveness and profitability.
Preventive Maintenance
Maintenance activities carried out regularly on equipment to prevent unexpected failures.
Performance Capabilities
The ability of a company or product to function effectively, often measured against predetermined standards or competitor offerings.
Value-Based Pricing
A pricing strategy where prices are set primarily based on the perceived value to the customer rather than based on the cost of the product or historical prices.
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