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[Defaulted Loan] Bruce wanted to open his own restaurant, The Burger Bar, and called his friend Janet for a loan. Janet orally agreed to loan Bruce $200,000. The agreement was not put into writing. Two years later, the loan was never repaid and is in default. The Burger Bar is bankrupt and Janet decides to sue Bruce in his individual capacity.
-If the reasoning of the case in the text, Athanasios Valsamis v. Néstor González-Romero is followed, what would Janet have to prove in court?
Order Lead Time
The time duration from placing an order to receiving the order, crucial in inventory management and customer satisfaction.
Stockout Risks
The potential for inventory shortages that can result in lost sales, customer dissatisfaction, and negative impacts on a business's reputation and income.
EOQ
Economic Order Quantity, a formula used in inventory management to determine the optimal order size that minimizes total inventory costs.
Safety Stock
Additional inventory kept in reserve to protect against stockouts due to variability in demand or supply.
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