Examlex
The immune system protects the body from invading microorganisms.
Competitive Advantage
The conditions that allow a company or country to produce goods or services more effectively than competitors, leading to greater profits and market share.
JIT
Just-in-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules, aiming to reduce inventory costs.
Setup Costs
Setup Costs are the expenses incurred to prepare equipment, machinery, or systems for a manufacturing process or a batch of production.
Inventory
Represents the goods and materials that a business holds for the ultimate goal of resale, production, or utilization in manufacturing.
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