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Diversity is a simple matter and difficult to deal with if you are fair to people and keep an open mind.
Holding Costs
Expenses associated with storing inventory until it is sold or used, including warehouse space, insurance, and spoilage costs.
Product Costs
Expenses directly associated with the production of goods or services, including materials, labor, and overhead.
Service Level
A measure of the quality of service provided, including the speed, reliability, and responsiveness of service to meet customer expectations.
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