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Your friend tells you about a great new restaurant at which she ate. When you hear the name, you recall seeing the restaurant and are fairly sure of the location. This memory is retrieved despite that fact that you were not trying to remember anything about the restaurant. The name and location of this restaurant were stored in the long-term memory via _____________ processing.
Bulk Purchase
The acquisition of goods in large quantities, often at a reduced price, typically for the purpose of resale or large-scale operations.
Value/Cost Scale
A ratio or comparative metric assessing the benefit (value) received relative to the resources (cost) expended.
Criticality Scale
A measure or ranking that identifies the relative importance or urgency of issues, items, or conditions, often used in risk management and prioritization processes.
Strategic Item
A product or raw material critical to a company's business operations, often because it influences product quality or is a major cost driver.
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