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Technical Progress
Technical progress refers to the advancements in technology that increase the efficiency and productivity of processes, operations, and products within various industries.
Labor Redesign
Labor redesign involves the restructuring of work processes, roles, and responsibilities to improve efficiency, productivity, and employee satisfaction within an organization.
Specialization
Focusing on a narrow area of expertise or activity, allowing a business or individual to become a known expert in that area.
Segmentation
The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing strategies.
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