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Summarize oxidation -reduction reactions.
JIT
Just-In-Time, a manufacturing methodology aimed at reducing flow times within production as well as response times from suppliers and to customers.
Vertical Integration
A strategy where a company expands its business operations into different steps on the same production path, such as a manufacturer owning its supplier and/or distributor.
Upstream Suppliers
Companies or entities that provide raw materials, components, or services to another company for the production of goods.
Business Strategy
A plan of action designed to achieve a specific set of objectives that ensures the growth and success of an organization.
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