Examlex
Compare the minimum versus maximum cycle time of a process.
Products
Items or services offered for sale by a business to satisfy the needs or wants of consumers.
Services
Intangible activities or benefits that are provided or sold as the primary product, such as healthcare, education, maintenance, or entertainment, distinguishable from physical goods.
Global Competition
Refers to the situation where businesses compete with each other on a global scale, dealing with competitors from various countries.
Market Products
The act of promoting and selling goods or services, including market research and advertising to the targeted consumer base.
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