Examlex
The mathematical model of a business problem is the system of equations and related mathematical expressions that describes the essence of the problem.
Valve Division
A specialized department within a company that focuses on the production and sales of valve-related products.
Pump Division
A specialized section within a company focusing on producing and managing pump-related products and services.
Transfer Price
The cost at which various units within the same corporation sell goods and services to each other.
Idle Capacity
The unused portion of a company's production capacity, where resources such as space, labor, or equipment are underutilized.
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