Examlex
When an observer takes into account the context or circumstances surrounding someone's behaviors to determine whether they are normal or abnormal, it means that:
Operations Management
The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as efficiently as possible.
Productive Systems
Systems or mechanisms designed to generate outputs at an efficient rate by effectively using inputs.
Transform Resources
Involves altering or developing organizational resources to enhance efficiency or achieve a specific goal.
Operating Efficiencies
The capability of a firm to maximize outputs from given inputs, thereby minimizing its costs.
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