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Teething Rings
A teething ring is a device designed to soothe babies' gums when their teeth start to grow.
Economic Order Quantity
The ideal order size that minimizes the total costs associated with inventory, including holding and ordering costs.
Variable Cost
Costs that vary in direct proportion to changes in the level of production or activity within a business.
Carrying Cost
The total cost of holding inventory, including storage, insurance, and taxes, among other expenses.
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