Examlex
Simplify. Your answer should be in lowest terms.
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Operating Expenses
The ongoing expenses incurred in the day-to-day operations of a business, excluding costs directly associated with the production of goods or services.
Performance Measurement
The process of evaluating and analyzing the effectiveness and efficiency of an action or operation, often using indicators or metrics.
Continuous Improvement
An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.
Non-Value-Added Cost
Expenses that do not add to the value or functionality of a product or service from the perspective of the customer.
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