Examlex
Match each definition that follows with the term (a-e) it defines.
-Average income as a percentage of average investment
State-Owned
Refers to businesses or assets that are owned and operated by the government.
Cycle Time
is the total time from the beginning to the end of a process, as measured by the customer, that enables a complete understanding of the duration involved in creating a product or service.
Value-Added Efforts
Initiatives or activities that enhance the worth of products, services, or processes, providing additional benefits to customers or stakeholders.
Scrap Rates
The percentage of materials or products that are discarded because they are not up to the required standards or specifications.
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