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By focusing on the competition for resources such as jobs, theory offers an explanation of why both youth and the elderly are assigned lower status in society and are most likely to be poor.
Non-value-added Activities
Processes or tasks that consume resources but do not add value or contribute to the customer's requirements or product enhancement.
Delivery Cycle Time
The total time taken from when a customer places an order to when the product is delivered to the customer.
Quality Cost Report
A document detailing the costs associated with preventing, detecting, and correcting defective work in a company.
Prevention Costs
Costs incurred to avoid or minimize the number of defects in products or services, typically including quality planning and training.
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