Examlex
In a push manufacturing system,raw materials are released to production based on actual customer orders.
Substitutes
Goods or services that can be used in place of each other; when the price of one increases, the demand for the other increases.
Perfect Competition
Perfect competition describes a market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller has market power to influence prices.
Price
The amount of money required to purchase a good, service, or asset, reflecting its value as determined by supply and demand.
Units Produced
A measure of output that quantifies the total number of units of a product made by a company or industry within a specified period.
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