Listen to the recording again and find the word that match the following definitions.

A streamlined supply chain also facilitates manufacturing innovations, which can help you reduce costs and develop exciting new products that give your business the competitive edge it needs to stay ahead. In addition, an ERP system can dramatically improve profitability and reduce overages involving inventory and production.

The following table gives the demand and supply schedules for gizmos

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Suppose that the aggregate demand and aggregate supply schedules for a hypothetical economy are as shown in the following table Amount of Price Level Amount of Real GDP (Price Index) Real GDP Demanded, Supplied, Billions Billions $100 300 $450 200 250 400 300 200 300 400 150 200 500 100 100 a.

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    With aggregate demand at AD 1 and the long-run aggregate supply curve as shown, real GDP is $12,000 billion per year and the price level is 1.14. If aggregate demand increases to AD 2 , long-run equilibrium will be reestablished at real GDP of $12,000 billion per year, but at a higher price level of 1.18.

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    №4 Supply and demand . Demand, the quantity of a product consumer want, is a buyer's side of a market transaction. The popcorn demand schedule illustrates the low of demand, which indicates that as the price of an item increases, a smaller quantity will be bought.

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    Feb 10, 2010 · The elements of supply and demand are configurable. For example, we could configure the system so that blocked stock is considered available (a supply). The MRP list displays the future stock/requirements situation at the time of the last planning run, that is the planning results for the material.

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