Examlex
Cross-price elasticity of demand is calculated as the
Stockouts
The situation when demand cannot be fulfilled due to insufficient inventory, leading to potential loss of sales and customer dissatisfaction.
Safety Inventory
The stock of goods or materials kept on hand to protect against variations in demand or supply.
Lumpy Demand
Demand characterized by unpredictable fluctuations and variability, often challenging for businesses to manage effectively.
Safety Stock
Extra inventory held by a business to protect against stockouts due to variability in demand or supply chain disruptions.
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