Examlex
Cost management involves long-term and short-term decisions that attempt to increase value for customers and lower costs of products or services.
Equilibrium Price
The price in the market where the amount of products provided matches the amount of products wanted.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.
Supply
The overall quantity of a product or service accessible to buyers.
Inverse Supply Curve
A representation of the relationship between the price of a good and its supply, showing how quantity supplied decreases as price decreases, contrary to the typical direct supply relationship.
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