Examlex
How can a firm's strategy make the best use of the firm's resources? How does a firm's decision to have a centralized versus a decentralized organizational structure affect its strategy?
Non-Value-Added
Activities or processes that do not add any functional value to a product or service from the customer's perspective.
Lead Time
The amount of time that elapses between the initiation of a process and its completion, often used in reference to the time it takes for goods to be delivered or services to be provided.
Converting
The process of changing or transforming one form of currency, unit, or data into another.
Setup Time
The period required to prepare a device, machine, or system for production or use.
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