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If a good has become more scarce,then we know for sure that
Periodic Review System
A system of inventory control where the inventory levels are reviewed at fixed intervals to determine the reorder quantity.
Order Up To Level
A replenishment strategy where inventory is restocked to a predetermined level each time an order is placed to maintain stock availability.
Lot Size
The quantity of inventory items that a company orders or produces in a single production run or order, affecting inventory costs and management strategies.
Product Differentiation
A marketing strategy that involves distinguishing a product or service from others in the market to make it more attractive to a particular target market.
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