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Qualitative forecasting techniques generally take advantage of the knowledge of experts and therefore do not require much judgment.
Convenience Product
A type of product that is widely available and requires minimal effort from the consumer to purchase, often bought out of convenience.
Discretionary Product
Products that are non-essential and purchased with disposable income; the purchase can be delayed without significant consequence.
Oral Contraceptives
A type of birth control that is taken by mouth, including pills that prevent ovulation.
Estrogen
The principal female hormone, regulating reproductive functions and the development of secondary sex characteristics.
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Q57: Operations and supply chain management is defined