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Which of the following involves short production runs, continuous flow of operations, cellular manufacturing, reduced floor space, and reduced WIP?
Import-Substitution Strategy
An economic policy aimed at reducing foreign dependency by local production of industrialized products.
Capital Available
The amount of financial resources a company or individual has available for investment or spending purposes.
Unionized Labor Force
A workforce that is organized into trade unions, which collectively negotiate wages, work hours, and working conditions.
Labor Productivity
Labor productivity measures the output of goods and services produced per unit of labor input, indicating the efficiency of labor use in the production process.
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