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James advises that Tim focus on all of the following areas EXCEPT _____.
Storage and Tracking
Methods and systems used for keeping track of inventory or assets and maintaining their condition over time.
Insurance and Taxes
Refers to the costs associated with insuring assets and property as well as the taxes imposed on income, property, and sales.
Restocking Costs
The expenses associated with replenishing inventory or stock.
Obsolescence
The process of becoming outdated or no longer used, often due to technological advancements.
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