Examlex
What is active listening?
Production
The process of creating goods and services through the combination of labor, materials, and machinery.
Subcontracting
The practice of assigning or outsourcing part of the obligations and tasks of a contract to another party, often used to leverage specialized skills or cost advantages.
Inventory
The total amount of goods or materials held in stock by a business, available for sale or use in production.
Stockouts
Occurs when a product is not available in inventory for sale or use, leading to potential loss of sales and customer dissatisfaction.
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