Examlex
After eating a brightly coloured frog for the first time and subsequently vomiting, a bird learns not to eat brightly coloured frogs. This avoidance is due to
Bullwhip Effect
The phenomenon in supply chains where small fluctuations in demand at the retail level cause progressively larger variations in demand at wholesale, distributor, and manufacturer levels.
Lot Sizes
The number of units of a product that are manufactured or acquired in a single production run or order, affecting both inventory levels and production cost.
Fluctuation
Variations or changes in level, value, or volume, often encountered in markets, demand, or supply conditions.
Pricing Obstacles
Challenges and barriers encountered in determining the ideal pricing strategy for a product or service, such as competition, cost, customer perception, and market conditions.
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