Companies That Carry Inventories Must Carefully Monitor Inventory in Order

question 32

Multiple Choice

Companies that carry inventories must carefully monitor inventory in order to

• A) have the greatest selection available so customers can always find what they want.
• B) minimize carrying costs and keep inventory levels high so stockouts never occur.
• C) keep inventory levels high to maximize profits.
• D) minimize carrying costs and meet customer demands.

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Definitions:

Tension-Reduction

The process of relieving stress or emotional tension, often through specific actions or techniques.

Conciliation

Efforts made to ease tension, resolve disputes, or reconcile differences between conflicting parties.

Arbitration

A form of dispute resolution where an impartial third party makes a binding decision to resolve a conflict between two parties.

Neutral Third Party

An unbiased individual or entity that is not involved in a conflict or negotiation and can facilitate or mediate discussions.