Examlex
A negative media function, for example poorly constructed news reports leading to an ill-informed public, is in reality a dysfunction.
Global Focus
An approach in business strategy that emphasizes understanding and catering to the needs of a global market, rather than focusing only on local or national markets.
Just-in-Time
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.
Service Sector
The segment of the economy that produces intangible goods, such as services rather than physical products, including industries like healthcare, education, and finance.
Labour-intensive
Describing industries or processes that require a large amount of manual labor input compared to capital investment.
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