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Specialization eliminates
Gross Working Capital
The total of all current assets in a company, which includes items such as cash, inventory, and accounts receivable.
Current Assets
Assets expected to become cash in less than one year. Current assets are largely cash, receivables, and inventories.
Current Liabilities
Financial obligations a company is due to pay within one year or within its operating cycle if longer than a year.
EOQ Model
Economic Order Quantity Model; a formula used to determine the optimal order quantity that minimizes total inventory costs.
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