Examlex
What are the main determinants of demand elasticity? Explain their importance.
Contract Manufacturer
A company hired to produce goods on behalf of another company, under the hiring company's brand name.
Flexible Manufacturing
The direction of machinery by computers to adapt to different versions of similar operations.
Labor-Intensive
Describes industries or businesses that require a large amount of labor to produce goods or provide services, often resulting in higher labor costs.
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