Simplify. -

question 113

Essay

Simplify.
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Definitions:

Maximizing Customer Value

The process of increasing the benefits a customer receives from a product or service relative to its cost, enhancing customer satisfaction and loyalty.

Eliminating Waste

The process of identifying and removing unnecessary materials, tasks, and processes to improve efficiency in operations.

Best Buy

A purchasing situation where the product or service acquired is regarded as the best combination of quality and cost.

Technical Considerations

Factors related to technology, engineering, or specific technical requirements that must be taken into account in decision-making.