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A bargaining unit is recognized by the employer as employees:
Just-In-Time
Just-In-Time is a supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.
Pull Approach
A marketing strategy where demand is created through consumer interest, leading them to seek out a product or brand.
Total Manufacturing Cost
The aggregate of all costs involved in the production of a product, including direct materials, direct labor, and manufacturing overhead.
Activity-Based Costing
A costing method that assigns overhead and indirect costs to related products and services based on the activities that drive costs.
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