Friday, 3 May 2024, 8:37 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
D
Demand Curve for the Product of the FirmDemand curve for the product of the firm illustrates the quantity of products the firm will be able to sell at each market price. |
Demand ManagementDemand management refers to fiscal or monetary policy aimed at increasing or decreasing demand. |
Demand ScheduleDemand schedule is a table representation of a consumer showing the relationship between price and quantity of a given item. |
Demand-Pull InflationDemand-pull inflation where demand increases and pulls prices up. |
Denotationthe literal meaning of a
word or name. Although Paris might make you think of romance, its denotation is simply the city of an old
tribe called the Parisii |
Dependant clausesDependant clauses – sections of a sentence which rely on each other to generate meaning. |
DepreciationDepreciation is where the value of a currency decreases compared to another currency without interference. |
Design to Order (DTO)Individual parts are designed and assembled specifically for each customer order. Even if the end product contains standard parts, a separate pro-duction process with a specific parts list is required for the product. |
Determinants of Price ElasticityDeterminants of price elasticity refers to those factors that affect the consumer’s decision to but more, less or the same with a change in price and, therefore, determines the price elasticity of demand. |
Dimensions of Customer ServiceService quality in the SERVQUAL model consists of five dimensions: reliability, responsiveness, assurance, empathy, and tangibles. These dimensions are used in service quality gap, which implies that there is a difference between the expectations of customers and perception of services |