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Discuss key issues when managing predictable variability of demand within a supply chain.
Gross Profit Percentage
A financial ratio that expresses the gross profit as a percentage of sales revenue, indicating the efficiency of production and cost management.
Cost of Goods Sold
Costs directly related to the creation of a company's sold products, involving expenses for materials and workforce.
Net Income
The total earnings of a company after subtracting all expenses from revenues, which includes costs, interest, taxes, and other expenditures.
Sales
The total revenue generated from goods or services sold by a company.
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