Examlex
Models of late selection hypothesize that attended and ignored inputs are processed equivalently by the perceptual system, reaching a stage of semantic analysis.
Joint Production Process
A manufacturing operation that simultaneously produces two or more outputs from a common input or process.
Split-off Point
The stage in a production process where multiple products are generated from a common input, and each product can then be sold or processed further.
Raw Material Input
The basic materials and components used at the start of the production process to manufacture finished goods.
Contribution Margin
The difference between sales revenue and variable costs of a product, indicating how much contributes towards covering fixed costs and generating profit.
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