Examlex
A subprime mortgage is a mortgage with an APR below the prime rate.
Strategic Advantage
A position of superiority or advantageous condition that a business holds over its competitors, often achieved through innovation, quality services, or cost leadership strategies.
Dependent Demand Technique
A method used in material requirements planning that calculates the need for components based on the demand for the final products they contribute to.
Bill of Material
A comprehensive list of materials, components, and instructions required to construct, manufacture, or repair a product or service.
Material Requirements
Specifications and quantities of materials needed to manufacture a product, often determined by detailed planning processes such as Material Requirements Planning (MRP).
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