Examlex
The latitude of a place is important for its climate since latitude determines:
Non-value-added Time
Time during production that does not directly contribute to the final value of the product, such as waiting times or transportation of goods.
Financial Measures
Metrics used to evaluate a company's financial performance and health.
Lag Indicators
Measures that reflect the success or failure after the fact, helping businesses understand the results of past actions or events.
Balanced Scorecard
A strategic planning and management system used by organizations to communicate what they are trying to accomplish and measure progress towards their goals.
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