Examlex
One study of more than 160,000 adolescent from 35 countries found that:
Functional Departments
Different segments within a company specialized in certain operations or responsibilities such as finance, marketing, or R&D.
External Failure Costs
Costs that are incurred when a product or service that is defective is delivered to a customer.
Warranty
A guarantee provided by a seller or manufacturer to a buyer that a product will meet certain performance and quality standards over a specified period.
Manufacturing Cycle Efficiency (MCE)
A performance metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.
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