Inventory management - how much should be orderd
3 important questions on Inventory management - how much should be orderd
Which two sets of costs are we balancing in the volume decision of inventory?
1) The costs of buying the inventory
2) the costs of holding the inventory
2) the costs of holding the inventory
What three order costs will decrease as order size increases?
1) cost of placing an order
2) price discount costs
3) stock-out costs
2) price discount costs
3) stock-out costs
What four costs will increase as order size increases?
1) working capital costs
2) storage costs
3) obsolescence costs
4) operating inefficiency costs
2) storage costs
3) obsolescence costs
4) operating inefficiency costs
Try our study magic for free
a PDF, study it super fast
- No sign up, email or credit card needed!
- AI makes unlimited flashcards
- Get unlimited quizzes and tests
- Ask AI anything
Create a notebook
- No sign up, email or credit card needed!
- Have and keep perfect overview
- Make flashcards, notes and mind maps
- Review, test and score!
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
