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Explain about the term cost/benefit analyses.
Cost/benefit analyse:
Cost/benefit analysis is the procedure of knowing, and as far as probable quantifying, the costs of responsibility a project and contrasting such along with the advantages expected to flow from this. Senior managers should be convinced which the benefits outweigh the costs for a project to be approved.
Product/Service and Volume Flexibility Ability to respond fast to the customer's needs known as flexibility.Two forms of flexibility are product/ Service and volume flexibilit
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