Examlex
Discuss why companies strive toward quality improvement and the two methods of doing so.
Rate of Demand
The speed at which goods or services are requested or required by consumers or processes.
Quantity Discount Model
A pricing strategy that offers a lower price per unit of goods or services when a larger quantity is purchased.
Ordering Costs
The expenses associated with placing orders for additional inventory, including administrative costs and transportation.
Carrying Costs
The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs.
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