The Purpose of Holding Inventory in Distribution Centers Is to Improve

question 12

True/False

The purpose of holding inventory in distribution centers is to improve customer service by locating stock away from the customer and to increase transportation costs.

---

Definitions:

Insurance

A financial product that provides protection against potential future losses or damages in exchange for a premium.

Oral Contract

A verbal agreement between parties that is legally binding.

Statute of Frauds

A rule in law that mandates specific contract types must be written and signed to be legally binding.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.