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What is the relationship between mass customization and the product life cycle?
Planning Horizon
The timeframe over which a plan or strategy is developed and implemented, influencing the scope and objectives of the planning process.
Planning and Control
The processes used to set objectives, determine strategies to achieve them, execute the plans, and ensure performance meets expectations.
Benefit of Objectives
The advantage of having clear and defined goals which guide actions and decisions, improving focus and facilitating measurement of progress.
Long-Term Goals
Objectives or targets that are planned to be achieved over an extended period, typically over one year.
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