Examlex
Explain how insects are both essential for, and detrimental to agriculture
Forward Buying
A procurement strategy where a company purchases goods in advance to take advantage of favorable pricing or to hedge against future price increases and supply shortages.
Peak Period
Peak period denotes the time of highest demand in a cycle, where operations face maximum stress due to increased consumer activity.
Demand Pattern
The trend or repetitive sequence observed in consumer demand over a certain period, which can be predictable or may vary seasonally, cyclically, or irregularly.
Product Margin
A financial metric that calculates the difference between the sales revenue generated by a product and the costs associated with its production.
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