Examlex
Define globalization and explain why the global market is becoming more open.
Forward Buy
A purchasing strategy where a buyer purchases more inventory than currently needed at a lower price, anticipating future price increases or supply shortages.
Peak Demand
The period of highest customer demand for a product or service, which can strain resources and require careful planning to manage effectively.
Overall Profitability
A measure of the total financial gain or success of a business after all expenses and costs have been subtracted from revenue.
Marginal Subcontracting Cost
The additional cost incurred for each unit or batch of production or service delivery that is outsourced to a subcontractor.
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