ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following costs is the expense of storing inventory for a specific period of time
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Purchase cost
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Carrying cost
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Financial cost
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Storing cost
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Explanation:
Detailed explanation-1: -Inventory carrying costs are the costs related to storing and maintaining its inventory over a certain period of time.
Detailed explanation-2: -Inventory holding costs include: Cost of capital tied up. Insurance costs. Cost of warehousing, obsolescence, deterioration and theft.
There is 1 question to complete.