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Briefly describe market segmentation.
Time And Motion Studies
The analysis of work processes to increase efficiency by reducing wasted time and motion.
Interchangeable Parts
Components that are, for practical purposes, identical. They are made to specifications that ensure they are so nearly identical that they will fit into any device of the same type.
Operations Management
The aspect of management dedicated to the design, administration, and supervision of the manufacturing process, along with the modification of business operations in the generation of products or services.
Nineteenth Century
The Nineteenth Century is the period from 1801 to 1900, characterized by significant industrial, cultural, and political changes worldwide.
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