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Table 3-6
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.
-Refer to Table 3-6.The opportunity cost of 1 toaster for Maya is
PDCA Cycle
A method used in business for continuous improvement, consisting of four phases: Plan, Do, Check, Act.
Action Map
A plan or strategy outlining specific actions required to achieve a particular goal or outcome.
Alternatives
Other options or choices available to consider instead of a primary selection.
Nominal Group
A group technique involving structured small-group discussion to generate and prioritize ideas or solutions.
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