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Explain the key assumptions of the conflict perspectives on racial and ethnic relations.
Planned Obsolescence
A strategy where products are designed to have a limited useful life or become outdated quickly, encouraging consumers to purchase newer models.
Enterprise Resource-Planning System
Integrated software applications designed to manage a company’s resources, processes, and information across all functional departments.
Just-In-Time System
A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, aiming to have the exact amount of material, at the right time, and the right place.
Offshore
The practice of moving some of a company's operations or services to another country to capitalize on lower costs or favorable regulations.
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