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Which is the process that explains how life adapts itself to a changing environment?
Annual Inventory Cost
The total costs associated with holding and managing inventory over a year, including costs related to storage, insurance, and obsolescence.
Average Inventory
The mean value of an entity's inventory over a certain period of time, used in business to help manage stock levels effectively.
Storage Cost
Expenses associated with storing goods or inventory, including warehouse rent, utilities, and handling charges.
Ordering Cost
The expenses associated with placing and processing orders for goods or materials, including administrative costs and communications expenses.
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