Examlex
Leader-member exchange (LMX) theory describes a leader's influence over followers as based on the leader's organizational position.
Yield Management
A pricing strategy that aims to maximize revenue by dynamically setting prices based on the supply and demand for a product or service.
Operations Management
The administration of business practices aimed at ensuring maximum efficiency within a company, particularly in regard to the management of resources, production, and distribution of goods and services.
Demand Curve
A graph showing the relationship between the price of an item and the quantity demanded at that price.
Graphical Aggregate Planning
A visual method for planning the production aggregate levels over a specific time period, aiming to match supply and demand while minimizing costs.
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