Examlex
Technology that is characterized by low initial costs and high operating costs is termed
Identifying Alternatives
The process of defining and evaluating different options or courses of action in decision-making.
Lean Business Model
A philosophy that emphasizes eliminating waste while delivering products or services that meet customer needs.
Elimination of Waste
This term typically refers to efforts to reduce non-value-adding activities in a process, often in the context of lean manufacturing or production to improve efficiency and effectiveness.
Process Reengineering
Process Reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.
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