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_________ explain changes in costs as units produced change.
Demand Curve
A graph showing the relationship between the price of an item and the quantity demanded at that price.
Graphical Aggregate Planning
A visual method for planning the production aggregate levels over a specific time period, aiming to match supply and demand while minimizing costs.
Forecast Demand
The process of estimating the quantity of a product or service that consumers will purchase in the future.
Level Production
A strategy that maintains a consistent production rate, regardless of fluctuating demand, to stabilize operations and minimize costs.
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