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How does the extra mucus in a runny nose protect against microbial infection?
Annual Demand
The total quantity of a product or service that consumers in a specific market want to purchase over the course of a year.
Carrying Cost
The total cost of holding inventory, including storage, insurance, taxes, and opportunity cost.
Order Costs
Expenses incurred when ordering and receiving goods, which may include costs related to processing, shipping, and handling.
Economic Order Quantity
The ideal order quantity a company should purchase to minimize its inventory costs including holding, shortage, and order costs.
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