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Using the caller's name is a good way to project a positive telephone personality.
Mathematical Model
A symbolic representation of real-world phenomena using variables, equations, and/or logical relationships to describe and predict behaviors or outcomes.
Stockout Cost
The cost associated with running out of stock, including lost sales, backorders, and potentially reduced customer satisfaction and loyalty.
Inventory Holding Cost
Expenses related to storing unsold goods, including warehousing, insurance, depreciation, and opportunity costs.
Subcontractingcost
The expense incurred when a business hires outside contractors to perform tasks that could be done internally or as part of a project.
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