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Question 2 4 Match the following terms with the appropriate definition. Products in the process of being manufactured but not yet complete. Goods a company
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Match the following terms with the appropriate definition.
Products in the process of being
manufactured but not yet complete.
Goods a company acquires to use in
making products.
A model whose goal is to eliminate
Choose
Customer orientation
Process inventory
Lean business model
Prime cost
Raw materials inventory
waste while satisfying the customer and
Choose
providing a positive return to the
company.
The idea that employees understand
the changing needs and wants of their
customers and align their management
and operating practices accordingly.
Expenditures directly associated with
the manufacture of finished goods;
includes direct materials and direct labor.
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