Examlex
The term computer aided manufacturing (CAM) refers primarily to the use of robotics in process control.
Short Run
A period during which at least one factor of production is fixed, affecting a firm's ability to adjust to market changes.
Hold-Up Problems
Situations where one party in a negotiation exploits their bargaining advantage at the expense of others, often after a mutual investment or commitment is made.
Equipment Specific
Pertaining to or designed for particular pieces of equipment, often implying specialized usage or requirements.
Trading Partner
A trading partner is an entity such as a company, organization, or government with which another entity engages in the exchange of goods, services, or information.
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