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What is the critical difference between gemmulation and fragmentation?
Service Businesses
Companies that primarily earn revenue through providing intangible products, such as services or experiences, rather than physical products.
Routine and Repetitive
Activities or tasks that occur on a regular basis with little variation, often requiring minimal decision-making or innovation.
Work in Process Inventory
The inventory that includes goods in the middle of the manufacturing process, not yet completed.
Manufacturing Overhead
Refers to all indirect costs associated with manufacturing a product, including costs related to factory equipment maintenance, utilities, and quality control.
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