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Formally scanning and analysing the external environment continuously is the best approach.
Molding Department
A specialized section in a manufacturing facility where raw materials are shaped into components through the molding process.
Weighted Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale during the period.
Equivalent Units
A concept in cost accounting used to compute the costs associated with partially completed goods.
Welding Department
A specialized division within a manufacturing or engineering company focused on joining metal parts through the application of heat.
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