Examlex
Flexible production systems typically involve using information technology to share the details of customer orders,programmable equipment to fulfill orders,and skilled people to carry out whatever tasks are necessary to fill an order.They are less complicated and require less cooperation than do mass production systems.
Tariffs
Taxes imposed by a government on imported goods to protect domestic industries and generate revenue.
Allocation
The process of distributing resources or tasks among people or groups based on a specific criteria.
Efficient Industries
Industries that achieve maximum productivity with minimum wasted effort or expense.
Comparative Advantage
The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production and trade.
Q4: Which of the following statements is NOT
Q10: Sally is an account representative for an
Q28: Joe is developing the marketing mix for
Q42: When Granitia Inc. was faced with serious
Q44: Most top executives started out as:<br>A) technical
Q63: Classic entrepreneurs start one business, run it,
Q115: Identifying how leaders in certain fields perform
Q138: Describe two tips for enhancing listening skills.
Q142: Corn processing is an example of analytic
Q178: A brand is generally just a name.