Examlex
One problem with the European Union's choice regarding equality versus efficiency is that it may inadvertently shrink the size of its "economic pie."
Variable Costs
Costs that vary directly with the level of production or service activity, such as materials and labor.
Repetitive Focus
A strategy in manufacturing that emphasizes the repeated production of the same products or a narrow range of products efficiently.
Modules
Parts or components of a product previously prepared, often in a continuous process.
Standardized Product
A product that is manufactured in a consistent, unchanged manner to ensure it meets specified criteria and quality.
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