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An automobile assembly line is an example of which approach to manufacturing?
Socially Responsible
Refers to practices and policies that a business adopts to benefit society and the environment, beyond what is legally required.
Customer Loyalty
The likelihood of previous customers to continue buying products or services from a specific business due to satisfaction with the product or service, convenience, or familiarity.
Profit Margins
The difference between the cost of goods sold and the sales revenue, expressed as a percentage of sales revenue, indicating the profitability of a product or business.
Sales Volume
The total number of units sold within a specified time period, often used as a measure of business performance.
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