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List and Explain the Two Different Approaches Used to Measure

question 26

Essay

List and explain the two different approaches used to measure GDP.


Definitions:

Fill Orders

The process of completing customer orders by preparing and delivering the requested goods or services.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, calculated as the value-added time divided by the total cycle time.

Delivery Performance

A measurement of how well a company can meet its promised delivery times to customers.

Delivery Cycle Time

The total time taken from receipt of a customer order to the delivery of the product or service.

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