Examlex
Quality function deployment is a structured approach that guarantees that the highest-quality product or service will be designed.
Social Aims
Objectives that relate to societal challenges or goals, focusing on contributions towards the welfare of communities and the environment.
Profit-Leverage Effect
A financial concept indicating that a reduction in purchasing costs can have a more significant impact on a company's profit than an equivalent increase in sales.
Cost of Purchases
The total expense incurred in acquiring goods and services, including price, shipping, and handling, among other costs.
Annual Sales
The total revenue a company generates from its operations over a one-year period.
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