Examlex
If a storm breaks off the top of a tree, within a year or two, one of the lower branches will grow upward and become the new tree top, while inhibiting other branches from doing the same. This is an example of
Dual Facilities
Dual facilities refer to the strategy of maintaining two or more locations for production, storage, or business operations to enhance capacity, flexibility, or geographic reach.
Labor Market
Refers to the supply and demand for work, in which employers seek employees, and individuals seek employment.
Production Capacity
The maximum amount of goods that can be produced or services that can be provided over a specified period under normal working conditions.
Inventory
The goods or materials that a business holds for the ultimate goal of resale, production, or utilization in operations.
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