What inventory holding costs would be incurred by a business that holds a large amount of inventory?
What will be an ideal response?
Answers will vary
Inventory holding costs include storage costs, theft, damage, obsolescence, and financing costs. In addition, a company with a large amount of inventory may experience diminished motivation and sloppy work by its employees and increased production time.
You might also like to view...
The largest component of aggregate demand is
A. net exports. B. government spending. C. investment. D. consumption.
When people use money by trading it for goods and services, money is serving the role of a
A. medium of exchange. B. unit of account. C. store of value. D. standard of deferred payment.
Subcultures are groups of people with shared value systems based on common life experiences and situations
Indicate whether the statement is true or false
Which type of justice is about the process of determining outcomes?
A. procedural B. interactive C. distributive D. systemic