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Suppose that when the price of ice cream increases,Liza decreases her purchase of hot fudge.To Liza
Operational Effectiveness
Refers to an organization's ability to perform activities more effectively and efficiently than its competitors, leading to superior performance.
Supply Chain
The entire system of production, handling, and distribution of goods from raw materials to final products to the consumer.
Production Time
The period required to manufacture or produce goods, from the start of the process to its completion.
Differentiation
The process of distinguishing a product or service from others to make it more attractive to a particular target market.
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