Examlex
Strategies aimed at reducing the total time it takes to deliver a product or service are called
Trade by Barter
The exchange of goods or services between parties without the use of money as a medium of exchange.
Capital Goods
Long-term assets such as buildings, machinery, and equipment used by businesses to produce goods and services.
Division of Labor
Division of labor is the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
Productivity
A measure of average output or real output per unit of input. For example, the productivity of labor is determined by dividing real output by hours of work.
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