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Suppose a presidential candidate promises to increase the government budget surplus and claims that doing so will stop U.S. citizens from investing in foreign companies and increase the value of the dollar. Evaluate this candidate's promise.
BPI (Business Process Improvement)
A systematic approach to help an organization optimize its underlying processes to achieve more efficient results.
Operational Excellence
The philosophy of making continuous improvements in operations to enhance quality, efficiency, and customer satisfaction.
Mass Customization
A business strategy that combines the efficiency of mass production with the personalization aspects of custom-made goods or services.
Make-to-order
A manufacturing process in which products are created after a confirmed order is received, allowing for customization.
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