A ________ Is an Intermediary That Buys Products from Manufacturers

question 219

Short Answer

A ________ is an intermediary that buys products from manufacturers and sells to retailers.

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Definitions:

Ordering Costs

Expenses incurred in placing and receiving orders from suppliers, including costs related to processing, shipping, and handling.

Inventory Systems

Methods and procedures used for ordering, storing, and using a company's inventory.

Economic Order Quantity (EOQ)

is a formula used in inventory management to determine the optimal order quantity that minimizes the total costs of holding and ordering inventory.

Holding Cost

The expenses associated with storing unsold goods or materials, including warehousing, insurance, and spoilage costs.