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Ron Is Establishing a Preventative Maintenance Program at His Work

question 46

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Ron is establishing a preventative maintenance program at his work where machines are serviced on a regular schedule to prevent breakdowns in the future. This is an example of which time factor control mechanism?


Definitions:

Product Life Cycle

Stages that products in a marketplace pass through over time.

Window of Opportunity

A specific period during which the conditions are right for the execution of a task or the attainment of a goal.

Capital

Financial assets or the financial value of assets, such as cash and buildings, that are utilized to start or maintain a business.

Assets

Economic resources owned or controlled by a business or individual, capable of producing value and categorized as either current or non-current.

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