Examlex
Joe runs a pizzeria at a busy place in a city.Around 125 customers visit every day and they each buy 3 pizzas on average.Joe has employed 20 laborers to make pizzas.The productivity of one laborer per day in the pizzeria is equal to _____.
Unpredictable Demand
Demand characterized by high variability and challenging to forecast accurately, often influenced by external factors and trends.
Low Cost Countries
Countries with lower labor and production costs, making them attractive locations for manufacturing and sourcing components.
Safety Inventory
Extra stock kept on hand to guard against uncertainty in demand or supply and prevent stockouts.
Uncertain Demand
Refers to situations where future customer demand for a product or service is unclear or difficult to predict.
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