Examlex
A digital still camera captures and stores one image at a time.
EOQ Model
Stands for "Economic Order Quantity Model," a formula that calculates the optimal order quantity to minimize the costs of holding inventory and placing orders.
Specialty Tea
Specialty tea refers to high-quality teas that are often distinguished by their origin, unique flavors, and cultivation practices, attracting a premium market.
Standard Deviation
A measure of the dispersion or variability in a set of data, indicating how much individual data points differ from the mean.
Stockout
A situation where the demand for a product exceeds the available supply, resulting in an inability to fulfill customer orders.
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