When Developing Estimates for Holding and Ordering Costs,it Is Important

question 54

Multiple Choice

When developing estimates for holding and ordering costs,it is important to

• A) estimate these costs to a high level of precision.
• B) get a good approximation quickly.
• C) develop estimates that will not be changed.
• D) both A and C

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Definitions:

Imports

Goods or services brought into one country from another for sale or use.

Quota

A direct limit on the number of goods that can be imported into or exported from a country

Influx

Refers to the arrival or entry of large numbers of people or amounts of goods into a place.

Foreign Goods

Products or services produced in one country and sold in another.