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The trade theories of Adam Smith and David Ricardo viewed the determination of competitiveness from the demand side of the market.
Commodity Products
Goods that are essentially interchangeable with others of the same type, often traded on bulk markets.
Quantity Discounts
Price reductions based on the volume of purchase, incentivizing buyers to purchase larger amounts by offering lower per-unit prices at higher volumes.
Supply Chain Cost
Expenses incurred in the production and delivery of a product from raw materials acquisition to final product delivery, including production, storage, and transportation costs.
Inventory Holding Costs
Expenses associated with storing and maintaining unsold goods, including warehousing, insurance, and depreciation.
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