Examlex
From 1980 to 2000 the labor force participation rate generally ________ and from 2000 to 2014 the rate generally ________.
Safety Stock
Additional inventory kept to prevent stockouts, typically used as a buffer against demand variability or supply chain disruptions.
Lead Time
The total time taken from the initiation of a process or project to its completion.
Labor Cost
The total expenditure incurred by an employer on behalf of employees, including wages, benefits, and taxes.
Holding Cost
The expenses associated with storing unsold inventory, including warehousing, insurance, depreciation, and opportunity costs.
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