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The theory of island biogeography
Demand Curve
A graphical representation showing the relationship between the price of a product and the quantity of the product demanded at those prices.
Unused Capacity
The portion of a system's or facility's total capacity that is not currently being utilized for production or services.
Price Point
The price level for a product or service that is perceived as fair or competitive by customers.
Chase Strategy
A management approach that adjusts production rates to align with fluctuations in demand, aiming to match output with demand and minimize inventory costs.
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