Examlex
On most days, you notice that stock prices fluctuate wildly. It is obvious to you that markets are
inefficient during this period.
Make to Order
A production strategy where manufacturing starts only after a customer places an order, tailoring products to specific customer requirements.
Lean Environment
A systematic method for waste minimization within a manufacturing system without sacrificing productivity, focusing on adding value and reducing non-value activities.
Raw Materials
Basic materials used in the production process, not yet transformed into final products.
Traditional Environment
A conventional business or work setting that adheres to long-established methods or practices.
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