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When Mary Thinks About a "Guitar," She Is Using a Mental

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When Mary thinks about a "guitar," she is using a mental representation of specific knowledge about that object.Mary is thinking about a


Definitions:

Product Substitution

The practice of replacing one product with another, often due to stockouts, customer preferences, or cost considerations, to maintain service levels and customer satisfaction.

Different Product

A good or service that is distinct from others in its category, often possessing unique characteristics or features.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Safety Inventory

The extra inventory held to mitigate the risk of stockouts due to uncertainties in demand or supply.

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