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In the Company That Carlos Works For,he Is Given a Goal

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In the company that Carlos works for,he is given a goal of making a certain number of items,while reducing waste by a specific percentage.However,Carlos is allowed the freedom to choose how he will achieve these goals.Carlos' company is utilizing


Definitions:

Industry

The sector of economy characterized by the production and manufacturing of goods or provision of services.

Cost-Benefit Analysis

An analytical process to compare the costs and benefits of decisions, projects, or policies.

Prevention

Activities or measures taken to avoid or minimize unwanted outcomes or accidents before they happen.

Reduction

The process of decreasing or lessening in size, quantity, or magnitude.

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