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Describe the three stages of the general adaptation syndrome.
Normal Profit
The level of profit that is necessary for a company to remain competitive in the market, often considered as the minimum return required to cover opportunity costs.
Mass Customisation
A manufacturing and marketing strategy that combines mass production efficiency with personalized customization to meet individual customer preferences.
Continuous-Process Production
Raw materials are continuously transformed by an automated system.
Lean Production
A manufacturing philosophy that emphasizes the minimization of waste and maximization of efficiency within the production process.
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