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Students often write expressions for the equilibrium constant Kc and reaction quotient Qc in exactly the same way. To avoid confusion, you must remember that Kc uses concentrations under ________ conditions, while Qc uses concentrations under ________ conditions.
Inventory
The items or goods a company holds for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.
Low-Cost Strategy
A competitive strategy focusing on becoming the lowest cost producer in an industry to offer products or services at the lowest price possible to consumers.
Production Lead Time
The total time required to manufacture an item, including order preparation, queue, setup, run, inspection, and put-away time.
Supply-Chain Management
The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.
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