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How is the lead time determined?
Lead Time comprises:
a. Time to procedure the enquiries and to put the order
b. Time to deliver the command to the supplier
c. Time for the supplier to complete the order and,
d. Transportation time to attain the purchaser and many more.
Lead time is to be considered for setting the minimum, maximum and the order quantities for all time.
What are the four P variables of Marketing? Four ‘P’ variables of Marketing: Marketing may be described as a human activity directed at satisfying wants and needs by exchange
application of index number in bussiness
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