What Is an Advantage of Holding Inventory

question 50

Multiple Choice

What is an advantage of holding inventory?

• A)no interruptions to production.
• B)ability to buy before prices rise.
• C)sales are not lost because things are out of stock
• D)all of the above.

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Definitions:

Slamming

The illegal practice of changing a consumer’s telephone service without permission.

Limited Warranties

Warranties that cover only certain parts, certain defects, or have other specific limitations established by the seller.

Used Car Dealers

Businesses specialized in selling pre-owned vehicles to consumers.

Strict Liability

The doctrine under which people may be liable for injuries to others whether or not they have been negligent or committed an international tort. Also called absolute liability.