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Amherst reduces class size, and either Williams increases enrollment or Smith raises tuition.
Customer Orientation
A business approach that prioritizes identifying and meeting the needs and expectations of customers.
Production System
A system involved in the creation of products or services, entailing everything from raw materials to the final output.
Direct Materials
The raw materials that can be directly attributed to the manufacturing of a product.
Balanced Scorecard
A management and planning approach designed to align a company's operations with its vision and strategy, enhance communication both internally and externally, and track the organization's performance in relation to strategic objectives.
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