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A_______ Is a Very Severe Recession That Is Usually Accompanied

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A_______ is a very severe recession that is usually accompanied by a decline in the average level of prices.


Definitions:

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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