Examlex
What is a postaudit? What are the advantages and disadvantages of the postaudit?
Excess Capacity
The situation in which a firm's production capabilities exceed the demand for its products or services.
Service Firms
Companies that primarily offer intangible products, such as expertise, assistance, or information, rather than physical goods.
Pure Chase Strategy
A demand matching or production strategy where output is adjusted to match demand precisely, reducing inventory levels to a minimum.
Subcontracting
The practice of assigning part of the obligations and tasks under a contract to another party, often to specialize or expedite processes.
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