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ECONOMICS Documents

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  • 29 terms

    Term:

    Hard Constraint Management

    Definition:

    1. Establish one fixed price, then sell to customers on a first come-first served basis until they have exhausted their supply of products. 2. Allocate the limited supply to selected customers who meet established criterial (i.e they are colvumer buyers repeat buyers, or they hold other favored buyer status.) 3.Raise prices until demand is reduced sufficiently to equal the available supply.

    • apple
    • 29 terms
    • Vocabulary for apple. Find, create, and access flashcards with Course Hero.

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