Examlex
The solution to the LP Relaxation of a minimization problem will always be less than or equal to the value of the integer program minimization problem.
Trade Discount
A reduction from the list price granted by a seller to a buyer, often based on the volume of goods purchased or to promote sales.
Cash Payment
A transaction in which payment for goods or services is made in cash at the time of purchase.
FOB Shipping Point
A term indicating that the buyer takes responsibility for goods once they are shipped, including paying for shipping costs and bearing the risk of loss.
Prepaid Freight
Costs paid in advance for the transportation of goods, which is often recorded as a prepaid expense on the balance sheet.
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