Examlex
In a highly automated manufacturing company,labor costs vary considerably with volume of production.
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe the existing state or future outcome.
Risk
The exposure to the possibility of loss, damage, or any other undesirable event.
Inventory
The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.
Corporate Strategy
The overarching strategy of a company, focusing on overall direction, resource allocation, and long-term objectives.
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