Examlex
Decide whether the relation is a function.
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Management Philosophy
A belief system or framework that guides the managerial decisions, actions, and behaviors of an organization.
Maximizing Customer Value
The process of increasing the benefits a customer receives from a product or service relative to its cost, enhancing customer satisfaction and loyalty.
Eliminating Waste
The process of identifying and removing unnecessary materials, tasks, and processes to improve efficiency in operations.
Best Buy
A purchasing situation where the product or service acquired is regarded as the best combination of quality and cost.
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