Examlex
If the total product of four workers is 156 units, calculate the average product of each worker.
Relative Measurements
Relative measurements assess the value or performance of something in comparison to other items or benchmarks.
Absolute Measure
A quantitative metric that represents objective data or values, without comparison to other measures or relative benchmarks.
Supply Chain
A network of businesses, people, activities, information, and resources involved in moving a product or service from supplier to customer.
Relative Measure
A metric that compares performance, values, or other quantifiable factors to a standard or to each other instead of using absolute numbers.
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