Examlex
You are trying to decide which of two horses in a race to bet on.After you make your decision,you are likely to be ________ sure about the horse you bet on because
Of ________.
Cost of Understocking
Refers to the lost opportunity and sales a business incurs when it does not have enough inventory to meet demand.
Lost Sale
Occurs when a potential customer does not complete a purchase due to product unavailability or other purchasing barriers.
Inventory
The stock of goods, materials, parts, and finished products that a company holds for the purpose of resale or production.
Forecast Accuracy
The degree to which forecasted values match or are close to the actual realized values.
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