An entity seeks to optimize the benefit it obtains from the limiting factor. Line authority is the authority a manager has over a subordinate. Linear additive models Models of consumer behavior based on an estimation of the number of attributes which a particular product has, multiplied by the score each attribute is perceived to have, multiplied by the weighting that each attribute is perceived to have. Linear regression analysis by the least squares method Statistical technique to calculate a line of best fit. Logistics see Physical distribution .
Long run is the period of time over which all factors of production can be varied.
Lowest price strategy is a pricing strategy based on setting the lowest prices available. Well-serviced and satisfied customers is less sensitive to price.