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A_______ is a very severe recession that is usually accompanied by a decline in the average level of prices.
Lean Manufacturing
A carefully planned strategy to decrease waste in manufacturing processes without compromising efficiency.
Inventory Needed
The quantity of stock that a business requires to meet its upcoming production and sales needs.
Direct Labor
The labor costs directly attributable to the production of goods or services, typically wages for workers who manufacture a product or perform a service.
Lean Manufacturing
A systematic method for waste minimization within a manufacturing system without sacrificing productivity.
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