_____ Is the Ability of a Product or Service to Perform

question 6

Short Answer

 _____ is the ability of a product or service to perform as expected under normal conditions.

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Definitions:

Storage Costs

Expenses incurred to keep inventory stored safely and effectively, including warehousing, material handling, and preservation costs.

Quantity

Quantity refers to the amount or number of units of a particular item or substance, indicating the volume, size, or extent of that item.

Holding Cost

Refers to the costs related to retaining inventory, encompassing expenses such as storage, depreciation, and opportunity costs.

Replenishment Order

An order placed to restock inventory or supplies to ensure sufficient levels are maintained to meet anticipated demand.