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Which of the following is correct?
Lead Time
The period of time from order placement until the goods are received.
Inventory Needs
The required quantity and type of goods a business needs to have on hand to meet customer demand and maintain smooth operations.
Bulk Ordering
Involves purchasing large quantities of goods or materials, typically to gain economies of scale and reduce per-unit cost.
Backorders
Orders for goods or services that cannot be filled at the current time due to lack of available stock, and are therefore waiting to be fulfilled.
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