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Strategic Fit
The alignment between an organization's strategies and its internal capabilities and external environment to ensure maximum efficiency and competitive advantage.
Functional Area
Represents a specific department or section within an organization, focusing on a particular set of tasks or responsibilities.
Lowest Cost
The minimum expense necessary to achieve a specific objective, often considered in decision-making processes.
Flexible Capacity
The capability of a production system to adjust and reallocate its resources to accommodate changes in demand or production requirements efficiently.
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