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Variable Costs
Costs that vary directly with the level of production or service activity, such as materials and labor.
Repetitive Focus
A strategy in manufacturing that emphasizes the repeated production of the same products or a narrow range of products efficiently.
Modules
Parts or components of a product previously prepared, often in a continuous process.
Standardized Product
A product that is manufactured in a consistent, unchanged manner to ensure it meets specified criteria and quality.
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