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In 1993,when Bill Clinton assumed the presidency,he
Process Reengineering
The fundamental rethinking and redesign of business processes to achieve dramatic improvements in critical measures of performance.
Competitive Advantage
The attribute that allows an organization to outperform its competitors, leading to greater sales or margins and/or retaining more customers.
Mass Production
A manufacturing process characterized by the high-volume production of standardized goods using assembly line techniques.
Assembly-Line System
An efficient manufacturing process where a product is assembled step by step in a sequential manner by workers stationed at fixed positions.
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