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A flexible manufacturing system makes it possible to change equipment setups by programming manually controlled machines.
Production
The process of creating goods and services from various input resources like labor, raw materials, and machinery.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing one option over another.
Leather Boots
Footwear made from the hide of animals, treated for durability and aesthetics, often chosen for protection or style.
Mexico
A country located in the southern portion of North America, known for its rich culture, history, and diverse landscapes.
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