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According to the 30/70 rule,
Performance Standards
Benchmarks established to measure the quality, efficiency, and effectiveness of an organization's operations, products, or services.
Corrective Action
A process or set of measures taken to rectify a problem or address a non-conformity in procedures or practices.
SWOT Analysis
A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats of an organization or project.
Opportunity Costs
The lost potential gain from other options when one option is chosen.
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