Examlex
In order to implement reengineering,Hammer suggests that those who use the output of the process perform the reengineering process.
Period Lengthened
The extension of time allocated for a particular activity, phase, or process.
Price-taker Market
A market in which individual sellers cannot influence the market price and must accept the prevailing market price for their goods or services.
Antitheft Auto Alarms
Security devices installed in vehicles designed to deter theft by emitting a loud noise or other alerts when unauthorized access is attempted.
Increasing Cost Industry
An industry in which production costs rise as output increases, often due to factors like limited resources or increased demand for inputs.
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