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Computer-Aided Manufacturing (CAM) Has Advantages Over Conventional Manufacturing Approaches Under

question 63

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Computer-Aided Manufacturing (CAM) has advantages over conventional manufacturing approaches under many conditions.Which of the following is not such a condition?


Definitions:

Competitive Advantage

Refers to the unique edge a business has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Strategic Management Process

A comprehensive approach to planning, executing, monitoring, and adapting strategies that guide an organization in maintaining competitive advantage.

Strategy

A comprehensive plan guiding resource allocation to achieve long-term organization goals.

Lack of Participation Error

A situation in decision-making processes where not all relevant parties are included, which can lead to suboptimal outcomes and reduced acceptance of decisions.

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