Buy-Back Contract is an operations management tool in which a manufacturer specifies a 1.... price and a ..2... price at which the retailer can return any unsold items at the end of the season. The buy-back contract results in an increase in the salvage value for the retailer, which induces the retailer to order a larger quantity. The manufacturer is willing to take on some of the cost of overstocking, because: 3.. and 4..

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