Examlex
In addition to the four basic components of sender, receiver, medium, and message, ________ is the fifth essential component of communication.
Management Science
A multidisciplinary approach to solving complex problems for businesses using analytical methods.
Operations Management
The field of management concerned with overseeing, designing, and controlling the process of production and redesigning business operations.
Just-In-Time Performance
A strategy focusing on minimizing inventory and producing goods exactly when needed to meet demand, aiming for efficiency and waste reduction.
Mass Customization
An approach to manufacturing that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
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