Examlex
Starbucks dropped the word "Coffee" from its logo when it acquired a juice maker and a bakery. This is an example of "diversification."
Repetitive Focus
A manufacturing strategy that concentrates on producing a limited range of products in high volume, aiming for efficiency and cost reduction.
Seasonal Bus Pass
A pass allowing unlimited travel on buses for a specific season or period, often at a discounted rate.
Fixed Costs
Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.
Assembly Technician
is a professional skilled in assembling, testing, and repairing components or products in manufacturing or engineering settings, ensuring quality and functionality.
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