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The industrial Revolution began in what country?
Cost Estimation
The process of predicting the amount of resources, especially money, time, and labor, necessary to complete a project or produce a product.
Strong Correlation
A statistical relationship between two variables where a change in one is strongly associated with a change in the other.
Production Driven
Production driven refers to a business approach that prioritizes the efficiency and volume of production, often at the expense of other factors such as customer demand or innovation.
Discretionary Cost
A cost that is not essential for the operation of a business and can be adjusted or eliminated without directly impacting the immediate viability of the business.
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