Examlex
The main difference between activity-based costing and traditional costing systems is that activity-based costing uses a separate allocation base for each activity.
Quality Circle
A group of workers who voluntarily meet regularly to discuss and propose solutions to workplace problems, aiming to improve quality and efficiency.
Focus Group
A research method involving a small, diverse group of people whose reactions are studied especially in response to new products or policies.
ISO Standards
International standards developed by the International Organization for Standardization to ensure quality, safety, and efficiency of products, services, and systems.
Competitive Advantage
A unique attribute or capability that allows an organization to outperform its competitors, creating greater value for its customers or stakeholders.
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