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What is a consequence of labeling in our society?
Subcontracting
The practice of hiring an outside party to perform services or create goods that are typically done in-house.
Stockouts
Occurrences when the demand for a product exceeds its supply in inventory, leading to inability to fulfill customer orders.
Aggregate Planning
A process by which a company determines optimal levels of capacity, production, subcontracting, inventory, and workforce to meet demand.
Subcontracting
Refers to the practice where a business contracts out part or all of its production or service processes to external companies.
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