________ Inventory Is the Surplus Inventory That a Company Holds

question 135

Short Answer

________ inventory is the surplus inventory that a company holds to protect against uncertainties in demand, lead-time, and supply.

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Definitions:

Determinant

A factor or condition that decisively affects the nature or outcome of something, often used in economics to discuss variables impacting demand, supply, or price.

Inputs

Resources used in the production process, including labor, capital, and materials.

Related Goods

Goods that are connected in some way, often through being complements or substitutes, affecting each other's demand and supply.

Consumer Income

The total amount of income received by consumers, including wages, salaries, benefits, and income from investments, which can influence spending patterns.