Examlex
An activity will be classified as a hobby if the taxpayer fails to make a profit from the activity.
Repetitive Focus
A production strategy that emphasizes the continuous output of a single or few products, often using assembly line methods for efficiency.
Mass Customization
A strategy that allows for the efficient production of personalized or customized goods and services to meet individual customer needs.
Flexible Equipment
Machinery or tools designed to be easily adapted to a broad range of tasks or to accommodate changes in production.
Rapid Changeovers
Techniques and practices implemented to reduce the time and effort required to switch a production line or system from making one product variant to another.
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