Examlex
If the sum of the task times required to produce a product is 80 minutes and the cycle time for the same product is 15 minutes, the theoretical minimum number of workstations is 8 using the assembly-line balancing procedure.
Customer Focus
A business strategy that emphasizes the importance of meeting the needs and exceeding the expectations of customers.
Societal Responsibility
The obligation of a business to contribute to the welfare of the society that it operates within, beyond its financial and operational obligations.
Triple Bottom Line
An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.
Long-term Growth
A measure of the increase in the value, productivity, or size of an entity or sector over an extended period, often analyzed to predict or assess future economic health.
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