Examlex
Amy is part of a team of four software developers. Upon completion of a major client project, she and each of her team members received a set amount in addition to their base salary. What is this an example of?
Product-Based Definition
Characterization of a product strictly in terms of its physical attributes and features.
Poka-Yoke
Literally translated, “foolproof”; it has come to mean a device or technique that ensures the production of a good unit every time.
Continuous Improvement
An ongoing effort to improve products, services, or processes by making small, incremental changes over time.
Profitability
A measure of the efficiency and effectiveness of a company in generating profits from its operations, indicative of its financial health over time.
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