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Balance theory proposes that when a dissonant relationship exists between two cognitive elements, tension will result and individuals will be motivated to restore balance.
Volume of Activity
A term referring to the total amount of work or operations completed in a specific period, often used in analyzing business efficiency or productivity.
Just-In-Time Manufacturing
Just-in-time manufacturing is an inventory management strategy where materials are produced or acquired only as needed, reducing waste and improving efficiency.
Inventories
Materials and goods held by a business for the purpose of resale, production, or as raw materials.
Production Operations
The activities involved in creating goods and services through the transformation of materials, labor, and technology.
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