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A(n) ____________________ is an equation that performs calculations.
Operations Management
The specialization within management devoted to establishing and managing the production process and modifying business operations for the generation of goods or services.
Job Specialization
The process of focusing one's occupational concentration on a specific area of expertise, leading to increased efficiency and skill.
Global Focus
An approach in business strategy that emphasizes understanding and catering to the needs of a global market, rather than focusing only on local or national markets.
Just-in-Time
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.
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