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List three advantages of a product layout.
Production Activities
Processes involved in the creation of goods and services, ranging from raw material procurement to the final manufacturing steps.
Financial Performance Measures
Metrics used to assess a company's financial health, including profitability, liquidity, and solvency ratios.
Non-Financial Performance Indicators
Metrics used to assess the performance of a business not directly related to financial figures, such as customer satisfaction and employee turnover rates.
Quality Measure
A standard or metric used to assess the degree of excellence of a product, service, or process.
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