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What are outcome controls? List both pros and cons.
Ordering Costs
Expenses associated with making an order for goods, including costs for processing, shipping, and receiving materials.
Lot Size
The number of units of a product that are manufactured or delivered in one batch, affecting inventory and production strategies.
Economic Production Lot Size
The optimal quantity of goods to produce in a single batch that minimizes the total production and holding costs.
Holding Cost
The expense of storing unsold goods, including warehousing, insurance, and depreciation costs.
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