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Suppose two moths are colored such that they blend in with the trees in the forest where they live. If one moth's coloring blends in much better than the other, that moth will have less chance of being eaten by predators, and will therefore be more likely to reproduce, thus passing its beneficial coloring on to its offspring. This is an example of:
Cycle Inventory
Inventory that a company holds to meet its normal sales operations, varying over the course of an operating cycle or period.
Forecasted Demand
An estimate of the quantity of a product or service that consumers will purchase in the foreseeable future.
Periodic Review
An evaluation process conducted at regular intervals to assess performance, inventory levels, or other critical factors in operations and management.
Inventory Status
This term describes the current state or levels of stock and inventory items within a business, indicating availability for sale or production use.
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