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How do social scientists define social problems? What are the reasons why some problems are called social problems? State two examples of major social problems.
Average Inventory
The mean stock level held by a company over a certain period, calculated to understand inventory trends and management effectiveness.
Optimal Order Quantity
Optimal Order Quantity is the ideal amount of inventory a business should purchase to minimize costs while meeting demand without overstocking or understocking.
Economic Order Quantity
A formula used to determine the optimal order quantity that minimizes the total inventory holding costs and ordering costs.
Flow Time
The total time it takes for a product to move through a production process, from start to finish, including both processing and waiting times.
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