Examlex
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Materials Productivity
A measure of how efficiently materials are utilized to produce goods and services.
Ratio
A quantitative relationship between two numbers that shows how many times one value is contained within the other.
Operations Management
The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on product and service development, production, and distribution.
Intangible Resources
Intangible resources are assets that do not have physical substance but hold value for a company, such as intellectual property, brand reputation, and goodwill.
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