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How can you determine how far away a lightning stroke is?
Economic Order Point
The ideal quantity of inventory a company should order to minimize costs, including holding and shortage costs.
Credit Period
The duration during which a buyer can pay for goods or services received without incurring interest charges, often used in trade credit arrangements.
Perishable Items
Goods that have a limited shelf life and require quick sale to avoid spoilage, such as food and flowers.
Low Markups
Refers to the small difference between the cost of goods and their selling price, typically indicating a low profit margin.
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