Examlex
Explain the difference between a product line and a product mix, Give an example of each.
Product Quality
The characteristics of a product that determine its ability to satisfy stated or implied customer needs, including aspects such as functionality, reliability, and durability.
Inventory Levels
The quantity of goods or materials held in stock by a business at a given time, affecting production and sales processes.
Master Production Schedule
A detailed plan that outlines exactly what is to be produced, in what quantities, and when, serving as a key component in the manufacturing planning process.
Continuous Operations
Business processes or production systems that run 24/7 without interruption, typically found in industries like manufacturing, utilities, and digital services.
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