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interchangeability

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Situation where two or more items are so similar in functional and physical characteristics that they are considered equivalent in performance and durability. Each is capable of replacing the other(s) without causing a need for alteration or adjustment to fulfill the same requirement.
  • quality

  • process

  • production

  • backorder

  • procedure

  • fixed cost

  • marginal cost

  • equipment

  • overhead

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