Examlex
On a supply-and-demand diagram,consider a price for which the horizontal distance to the supply curve exceeds the horizontal distance to the demand curve.There is a __________ at that price and the current price must be __________ the equilibrium price.
Flexible Production Capacity
The ability of a manufacturing system to quickly adjust or scale production levels in response to changes in demand, market conditions, or production requirements.
Value Of Flexibility
The worth or advantage derived from an entity's ability to adapt to changes, uncertainties, or new opportunities in its environment or operations.
Uncertainty
The state of having limited knowledge about an existing condition or future outcome, making it difficult to accurately predict events.
Negative NPV
A situation where the net present value (NPV) of a project or investment is less than zero, indicating it is expected to lose money.
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