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List the three formal communication channels found in organizations.
Carrying Cost
The total expenses associated with maintaining inventory, encompassing storage costs, insurance fees, and taxes.
Fixed Cost
Costs that do not fluctuate in relation to the level of production or sales, such as rent or salaries.
Economic Order Quantity
The optimal quantity of inventory to order that minimizes total inventory costs, including holding, ordering, and shortage costs.
Carrying Cost
The total expense of holding a particular asset over time, including storage, insurance, and taxes, but excluding buying cost.
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