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-The above figure demonstrates
Holding Cost
The expenses associated with storing unsold goods, including storage, insurance, and deteriorating costs.
Purchase Price
The amount of money paid to acquire a product or service.
Cycle Inventory
Inventory that a company needs to meet average demand in the timeframe between placing new orders, part of inventory management.
Lot Size
The quantity of units produced or ordered in a single production run or order placement.
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