______ Inventory Is Inventory Used to Absorb Uneven Rates of Demand

question 89

Short Answer

______ inventory is inventory used to absorb uneven rates of demand or supply.

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Definitions:

Marginal Cost

The financial increase associated with the generation of one more unit of a product or service.

Average Variable Cost

The variable cost per unit of output, calculated by dividing the total variable costs by the quantity of output produced.

Market Price

The prevailing cost at which a service or product can be acquired or disposed of in a marketplace.