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Use the graph of to sketch the graph of
Holding Inventory
The costs and activities associated with storing unsold goods or materials, including warehousing and insurance.
Ordering Costs
Expenses incurred in placing and receiving orders from suppliers, including costs related to the processing and handling of orders.
Carrying Costs
The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs, among others.
Annual Ordering
Refers to the total cost and process associated with placing orders for goods or materials over the course of a year.
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