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State the Traditional demand theory
So an over-simplified and the most commonly stated demand function is: Dx = f (PX) thatconnotes that demand for commodity X is the function of its price. Traditional demand theory deals with this demand function specifically.
determine points in units and reorder quantity normal sales=2 month; reorder time=15days; max stock=6 units; safety stock=1 unit ( based on 95% customer''s satisfaction )
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income generation process through investment multiplier
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Explain the importance of managerial economics.
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