BID PRICE Definition

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BID PRICE see ASK PRICE.

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OEM is an acronym for Original Equipment Manufacturer.

PRODUCT MIX involves planning and developing the right type of product that will satisfy fully the needs of customers. A product has several dimensions. These dimensions are collectively called product mix. Product mix for example may consist of size and weight of the product, volume of output, product quality, product design, product range, brand name, package, product testing, warranties and after sales services and the like.

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