Examlex
In order to determine what proportion of a town's residents approves of a new plan for trash collection, the town council placed an ad in the newspaper asking residents to phone in their opinions. Explain why the results of this poll may differ from the actual beliefs of all residents in the town.
Procurement
The process of obtaining goods and services, including all activities from the identification of needs through to the receipt and approval of items.
Production
The process of creating goods and services from various resources.
TPS
A Transaction Processing System is an information system that gathers, saves, alters, and provides access to an organization's transaction data.
Make-to-order
A production strategy where manufacturing starts only after a customer's order is received, allowing for customization of products but potentially leading to longer lead times.
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