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Karen's company manufactures high-end designer cookware.The handles of the cookware remain cool when used on a stovetop and have slip-on covers for the handles to be used for removing the product from the oven.This demonstrates what element in the marketing mix?
Setup Cost
The expenses incurred to prepare equipment or processes for manufacturing an order or batch of products.
Safety Stock
Additional inventory kept to prevent stockouts caused by fluctuations in demand or supply chain delays.
Reorder Point
A specific stock level that triggers the need to order more inventory to prevent stockouts, calculated by considering the lead time demand and safety stock.
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