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When an acid is added to a basic solution, the pH of the solution
Yield Management
A strategy used in various industries to maximize revenue by adjusting prices based on expected demand and supply constraints.
Operations Management
The field of management concerned with designing, overseeing, and controlling the process of production and redesigning business operations in the production of goods or services.
Demand Curve
A graph that shows the relationship between the price of a good or service and the quantity demanded by consumers.
Transportation Model
An optimization algorithm used in logistics and operations research to minimize the costs of distributing products across various locations.
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