Examlex
Taste buds are located not only on the tongue, but also on the walls of the mouth.
Yield Management
A pricing strategy used in industries with fixed capacities, such as hotels and airlines, to maximize revenue through the manipulation of prices based on demand.
Variable Costs
Costs that vary directly with the level of business activity.
Fixed Costs
Costs that do not change in total amount with changes in the volume of production, such as rent, salaries, and insurance expenses.
Complex Models
Analytical or simulation models that incorporate a multitude of variables and relationships to represent or predict intricate systems or phenomena.
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