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Decline Stage
The phase in a product life cycle where sales and profits begin to decrease as the product starts to lose consumer interest or becomes obsolete.
OM Strategies
Operational management strategies employed by organizations to improve efficiency, productivity, and competitiveness in their operational processes.
Free Trade Agreement
A pact between two or more nations to reduce barriers to imports and exports among them, enhancing economic integration and trade.
Global Uniformity
The tendency towards minimization of cultural and operational differences across various regions, aiming for a consistent global approach or standard.
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