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-March 1770 incident in Boston in which British soldiers fired on an American crowd, killing five. The incident became a rallying point for colonists who increasingly saw the British government as tyrannical and illegitimate.
Non-Value-Added Activities
Processes or tasks that do not add value or contribute to the customer's requirements or the product's market worth.
Quantify
To measure or express something as a quantity or in numerical terms.
Synergistic Benefits
The additional value created by combining two or more elements (companies, technologies, assets) that when integrated, produce a total effect greater than the sum of their individual effects.
Net Present Value
Net Present Value (NPV) is a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment or project.
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