ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory is a(n) ____
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purchasing cost
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ordering cost
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stockout cost
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carrying cost
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Explanation:
Detailed explanation-1: -Answer :-D-Carrying Costs .. Explanation :-mong different types of costs associated with inventory, the opportunity cost of the investment tied up…
Detailed explanation-2: -Key Takeaways Holding costs are costs associated with storing unsold inventory. A firm’s holding costs include storage space, labor, and insurance, as well as the price of damaged or spoiled goods. Minimizing inventory costs is an important supply-chain management strategy.
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