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Process Technology
The combination of tools, equipment, methodologies, and techniques used to produce goods or services.
Continuous-production
A method of production where materials are continuously processed or produced 24/7, typical in industries like chemicals and power plants, aiming for a high level of productivity.
Downsizing
A strategy involving reducing the size of a company's workforce to improve its efficiency and reduce costs.
Planned Strategy
A predetermined approach designed to achieve long-term or overall aims and objectives.
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