Examlex
Which of the following is NOT a factor of production?
Low Inventory Levels
A situation where a business holds a minimal amount of products in stock to reduce holding costs and increase efficiency.
Geographically Dispersed
A term describing entities such as teams, offices, or populations that are spread across different geographical locations.
Total Logistics Cost
The expenses associated with transportation, materials handling and warehousing, inventory, stockouts (being out of inventory), order processing, and return products handling.
Customer Service
The support offered by a company to its customers before, during, and after a purchase to ensure satisfaction and manage inquiries or complaints.
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