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Which of the following ratios is also known as acid test?
Inventory Holding Cost
The total cost associated with keeping inventory in stock, including storage, insurance, taxes, depreciation, and opportunity costs.
Forward Buying
A procurement strategy where a company purchases goods in advance to take advantage of favorable pricing or to hedge against future price increases and supply shortages.
Peak Period
Peak period denotes the time of highest demand in a cycle, where operations face maximum stress due to increased consumer activity.
Demand Pattern
The trend or repetitive sequence observed in consumer demand over a certain period, which can be predictable or may vary seasonally, cyclically, or irregularly.
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