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Donald was raised with a father who was a workaholic and paid little attention to his son. When Donald decided to talk with his father about his childhood, he was not satisfied with the results. What Donald needs to remember is that:
Subcontracting
Refers to the practice where a business contracts out part or all of its production or service processes to external companies.
Overtime
Working hours that extend beyond the normal or legally defined working hours, often compensated at a higher rate.
Chase Strategy
A demand-driven production strategy where production rates are adjusted to match demand to minimize inventory costs.
Flexibility Strategy
An approach to operations and decision-making that emphasizes the ability to adapt to changes, respond to unpredicted demands, or capitalize on new opportunities.
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