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Concept of Stock Replenishment
This concept assumes that stock is always available whether there is demand or not. Consider the demand for constituent items, such as component parts or raw materials. By having stock of everything available all the time, we are in conflict with basic management objectives of low inventory (low cost) and high return on investment.
The term 'replenishment' means restoration to an original state of fullness.
The Objective Probability - 100 explorations out of which 25 successes and 75 failures - Probability (Pr) of success = 1/4 and probability of failure = ¾ Given: -
how the increase in price will affect consumer''s ability to maximise satisfaction?
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How to use Demand and Supply tools to analyze the case of the Egyptian labor market?
1. Discuss how banks make money, and are structured in respect to Asset, Liability and Capital Management – give examples.
The recent flooding in the upper Midwest destroyed a important proportion of the corn crop. Though, it has been discovered that corn oil is far better in keeping cholesterol withi
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