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Which of the following statements is CORRECT,other things held constant?
Inventory
The total amount of goods or materials held by a business, intended for sale or production purposes, requiring efficient management to optimize supply chain operations.
Promotion
Marketing activities aimed at increasing awareness, interest, and sales of a product or service, often involving advertising, sales, and public relations strategies.
Distribution
The process involved in moving a product from the manufacturer or supplier to the consumer, including transportation, warehousing, and retailing.
Technological Forces
Technological forces are the factors related to technological advancements and innovations that affect the operations, competitiveness, and survival of businesses and industries within the economic environment.
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