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For the given ratio, find and equivalent ratio of integers in lowest terms.
Mass Production
The manufacturing of large quantities of standardized products, often on assembly lines, enabling economies of scale.
Operations Management
This sector of management deals with formulating and managing the processes involved in producing and innovating business operations for the production of goods or services.
Just-In-Time Performance
is an inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
Low Bid Purchasing
A procurement strategy where contracts are awarded to the supplier offering the lowest price for goods or services, often utilized in public sector procurement.
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