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Explain the terms regression, reaction formation and rationalization.
Equipment
Includes tangible assets used in operations, such as machinery and computers, which have a useful life beyond one accounting period.
Continuous Improvement
An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.
Production Process
A sequence of operations or stages in manufacturing or the creation of goods and services, involving labor, materials, and equipment.
Customer Service
Activities and services provided by a business to support the satisfaction and needs of its customers.
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