Examlex
How do firms that use captive-product pricing make up for the low prices of their main products?
Linear Programming
A mathematical method for determining a way to achieve the best outcome, such as maximum profit or lowest cost, in a given mathematical model for some list of requirements represented as linear relationships.
Aggregate Plan
A plan that outlines a company's production rates, inventory, staffing levels, and other variables to meet forecasted demand while minimizing costs over a specific time period.
Constraints
Limitations or restrictions that affect the development, operation, or outcome of a process or system.
Supply Chain Management
The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.
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