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If the coefficient of variation is 40% and the mean is 70, then the variance is
Job Specialization
The process of focusing one's occupational concentration on a specific area of expertise, leading to increased efficiency and skill.
Global Focus
An approach in business strategy that emphasizes understanding and catering to the needs of a global market, rather than focusing only on local or national markets.
Just-in-Time
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.
Service Sector
The segment of the economy that produces intangible goods, such as services rather than physical products, including industries like healthcare, education, and finance.
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