Examlex
If two firms in the same industry (but at different stages of the production process) merged, this would be a(n) __________ merger.
Waste
Describes materials or substances that are no longer useful in their current form and are discarded or disposed of.
Push System
A production strategy where products are manufactured based on anticipated demand, pushing them through to the end of the production line.
Pull System
A production strategy that relies on demand-driven production where products are only made when there is a customer demand, to reduce waste.
Throughput
The rate at which a system generates its products or services over a specific period.
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