Sunday, 28 April 2024, 1:03 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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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 |
Direct InvestmentDirect investment includes all transactions where the investor gains control of a business, either through establishing a new business or by buying shares in an existing business. |
Direct LabourDirect labour – is the effort of personal creating a product. |
Direct MaterialDirect material – primary/raw material to be converted into a finished product through a manufacturing process. |
Direct RelationshipDirect (positive) relationship shows two variables which are causally linked increasing or decreasing simultaneously. |
Direct TaxesDirect taxes are taxes levied on individuals or companies. |
DisequilibriumDisequilibrium refers to all prices and related quantities above and below equilibrium. |
Distribution EffectsDistribution effects refer to the redistribution of income between sectors of the economy as a result of inflation. |