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What are the key issues when implementing and operating an inventory control system?
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.
Supply Curve
A graphical representation showing the relationship between the quantity of goods that producers are willing to sell and the price of those goods.
Equilibrium Price
The price at which the quantity of a product demanded equals the quantity supplied.
Sellers
Entities or individuals who provide products or services for purchase in the market.
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