Examlex
An oligopoly is a market that is dominated by a small number of large firms.
Downtime
The period during which an operation, system, or machine is not functional or productive.
Just-In-Time (JIT)
Continuous and forced problem solving via a focus on throughput and reduced inventory.
Inventory
A company's stock of goods, materials, and products held to fulfill future sales or production needs.
Product-Based Definition
Characterization of a product strictly in terms of its physical attributes and features.
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