INVERSE Definition

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INVERSE is the opposite or reverse. An inverse relationship between two variables means that when one increases the other decreases.

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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.

SURETY BOND is a contract by which one party agrees to make payment on any default or the debt of another party.

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