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Unsold Unit
An item that remains in inventory without being purchased by customers.
Selling Season
A specific period during the year in which sales activity and demand for certain products or services significantly increase.
Cost of Overstocking
Expense incurred from holding too much inventory, including storage costs, decreased product value, and potential obsolescence.
Cost of Understocking
The financial and operational impact of not having enough inventory to meet demand, leading to lost sales and dissatisfied customers.
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