Examlex
Which of the following is considered as a support activity in an organization?
Service Level
A measure of the quality of service provided, often expressed as a percentage, indicating how well a service meets customer expectations or agreed-upon standards.
Lead Time
The total time taken from the initiation of a process or order to its completion.
Carrying Costs
Expenses associated with holding or storing inventory over time, including insurance, storage, depreciation, and obsolescence.
EOQ Model
Stands for "Economic Order Quantity Model," a formula that calculates the optimal order quantity to minimize the costs of holding inventory and placing orders.
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