Examlex
McClelland's theory is based on which of the following needs?
Batching Economies
The cost advantages gained by producing or processing goods in large batches, as opposed to individually or in small quantities.
Procurement
The process of sourcing and acquiring goods, services, or works from an external source, often through tendering or competitive bidding.
Reorder Point
The inventory level at which an action is taken to replenish a particular stock item, ensuring that sufficient stock is available to meet demand.
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