Examlex
The ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself, is referred to as
Capacity Shortage
A situation where the demand for a company's goods or services exceeds its ability to produce or supply them, often leading to delivery delays or unsatisfied demand.
Excessive Cancellations
A higher than normal rate of voided orders or terminated services, often indicating problems in business operations or customer satisfaction.
Backup Source
An alternative option or supplier that can be used in case the primary source is unavailable or inadequate.
Overbooking
A practice where a service provider (like airlines or hotels) accepts more reservations than there is capacity, anticipating that there will be some cancellations.
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