Examlex
When a company holds a large number of notes receivable it sometimes sets up a controlling account and a subsidiary ledger for notes.
Understocking
A situation where inventory levels are too low, leading to potential lost sales and dissatisfaction among customers.
Customer Service Level
A measure of the quality of service provided to customers, often reflecting the ability to meet customer needs and resolve issues.
Stockout
A situation that occurs when an item is not in stock and unavailable for sale or use, often leading to lost sales or customer dissatisfaction.
Lost Sale
A potential sale that is not realized, often due to stockouts or inability to meet customer demand.
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