Examlex
If a large percentage fall in the price of good A results in a small percentage decrease in the quantity supplied,then
Switch Suppliers
The process of changing from one supplier to another to improve service, reduce costs, or gain other advantages.
Pareto Analysis
A statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect. It uses the principle that 80% of results come from 20% of the actions.
Transactions Account
A bank account that allows for the direct deposit and withdrawal of funds without any limitation on the frequency of transactions.
Global Database
A comprehensive collection of data organized and stored digitally, accessible worldwide.
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