Examlex
No one knew that the Earth was round (spherical) until the 1500s, when explorers such as Magellan sailed around the world.
Final Customer
The end user or consumer who purchases a product or service for personal use and not for resale or further processing.
Homeshoring
A practice where businesses hire employees to work from home or a remote location rather than in a traditional office setting, often used as an alternative to offshoring.
Reshoring
The process of bringing back manufacturing and services to a country from overseas to strengthen the local economy and reduce reliance on foreign suppliers.
Minimum Efficient Scale
The smallest production quantity at which the long-run, total average cost is minimized.
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