Examlex
Satisficing is when managers make lightning-quick calculations of costs and benefits that lead to optimal decisions.
Revenue Management
An economic strategy to optimize income by predicting consumer behavior at the micro-market levels and adjusting product availability and price.
Goods Combinations
The mix of different products or services that a company offers, taking into account how different items complement or substitute for one another.
Standard Deviation
A measure of the dispersion or variation in a set of values, indicating how much the values deviate from the mean of the set.
Corporate Demand
The total demand for products or services generated by businesses and organizations.
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