Examlex
In four short paragraphs,describe Weber's concepts of authority; provide examples and identify the benefits and risks of each.
Safety Inventory
Extra stock kept on hand to guard against uncertainty in demand or supply and prevent stockouts.
Uncertain Demand
Refers to situations where future customer demand for a product or service is unclear or difficult to predict.
Losing Sales
The phenomenon of experiencing a decrease in the number of sales transactions or revenue, often as a result of competition, market shifts, or other external factors.
Seasonal Inventory
Goods or materials stocked in anticipation of seasonal demand variations.
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