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Under the "ethic to live by," doing good with personal greed as the rationale is
Total Cost
The complete cost of producing or acquiring goods or services, including fixed and variable costs, but excluding externalities.
Holding Inventory
involves maintaining a stock of goods or materials to meet demand without incurring stockout or excessive surplus costs.
Carrying Costs
Expenses incurred by holding inventory over a period, including storage costs, insurance, and opportunity costs.
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