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Exhibit 18-3
-According to the data in Exhibit 18-3, the value added by the grocer is
Buzzwords
Popular or trendy words or phrases that are used to impress or persuade, often in the fields of business, politics, and marketing.
Fordism
Early twentieth-century term describing the economic system pioneered by Ford Motor Company based on high wages and mass consumption.
Mass Production
The manufacturing of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.
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