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Match the function with the graph that best describes the situation.
-The height of an animal as a function of time.
Economic Order Quantity
A calculation used to determine the optimal order quantity that minimizes the total inventory costs, including holding and ordering costs.
Inventory Policy
The set of guidelines a company follows to determine how much inventory should be kept on hand to meet customer demand and manage supply chain efficiency.
Quantity Discounts
Pricing incentives granted to purchasers that buy in large volumes, typically reducing the cost per unit.
Pricing Schedules
Established plans listing prices for different products, services, or conditions, often varying based on volume, timing, or contract terms.
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