Examlex
Which of the following does not hinder growth in developing countries?
Lean Business Model
A strategic approach that emphasizes creating more value for customers with fewer resources by optimizing business processes.
Days' Payable Outstanding
A financial ratio that indicates the average time (in days) that a company takes to pay its suppliers and creditors.
Lean Manufacturers
Companies that adopt lean manufacturing techniques to maximize customer value while minimizing waste, thus achieving higher efficiency in production.
Traditional Processes
Conventional methods and procedures that organizations follow to conduct business operations, often characterized by a linear, step-by-step approach.
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