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Which of the following industries would be considered to have a capital intensive production process?
Customer Orientation
A business approach that focuses on identifying and meeting the needs and expectations of customers.
Standard Products
Goods manufactured or procured to consistent specifications each time, which meet a predetermined quality level.
Continuous Improvement
An ongoing effort to improve products, services, or processes by making small, incremental improvements over time.
Business Practices
Business practices encompass the methods, strategies, and procedures adopted by a company to conduct its business and pursue its goals.
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