Examlex
With the advent of computers,cognitive psychologists began conceptualizing the mind as hardware and the brain as software.
Holding Cost Rate
The percentage of the value of inventory held in storage, reflecting the cost associated with storing and maintaining it over a given period.
Economical
Pertaining to efficient resource usage or offering good value for money.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a certain period of time, indicating the efficiency of inventory management.
Holding Cost Rate
The expense incurred for storing unsold goods, including warehousing, insurance, and spoilage costs.
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