ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A commercial building where goods are temporarily stored in order to be rerouted to other businesses
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Stock Yard
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Port
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Warehouse
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Inbound Compound
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Explanation:
Detailed explanation-1: -Outbound logistics focuses on the demand side of the supply-demand equation. The process involves storing and moving goods to the customer or end user.
Detailed explanation-2: -Inventory holding costs are the fees incurred for storing goods or inventory in a warehouse. Stored inventory is a liability that hits profit margins and increases businesses’ operating costs. Rent for space, security, depreciation costs and insurance are among inventory holding costs.
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