Examlex
The process of focusing on quality in every part of the organization with a philosophy of continuous improvement,and doing things right the first time is called
Variable Cost Concept
An accounting principle that refers to costs that change in proportion to the level of activity or volume of production.
Rate of Return
The gain or loss of an investment over a specific period, expressed as a percentage of the investment's initial cost.
Production Bottleneck
A point in the manufacturing process where the flow of production is impeded, often leading to delays and reduced efficiency.
Constraint
A limitation or restriction that affects the planning or execution of strategies in business or any other context.
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