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The Process of Creating New or Improved Goods and Services

question 74

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The process of creating new or improved goods and services that customers want or developing better ways to produce or provide goods and services is known as:


Definitions:

Manufacturing Consolidation

The process of merging multiple manufacturing processes, facilities, or units into a more coherent and efficient operation.

Inflexible Production Technology

Manufacturing systems or technologies that cannot easily adapt to changes in product design, volume, or production process.

Product Requirements

Specifications or criteria that must be met for products to satisfy customer needs or regulatory standards.

Local Facilities

Physical locations or buildings situated within a specific area or community, serving as operational centers for businesses, services, or public use.

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