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What is NOT true about standardization?
Over Time Cost
Expenses incurred from working beyond normal working hours, including higher wages for employees and additional operational costs.
Inventory Management
The process of ordering, storing, and using a company's inventory, including raw materials, components, and finished products.
Predictable Variability
Variations or changes in processes or systems that can be forecasted with a degree of reliability based on historical data.
Demand
The amount of a product or service that customers are willing and able to purchase at a given price in a specific market context.
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