BUISENESS MANAGEMENT
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 costs of obtaining purchase approvals are ____
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purchasing costs
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ordering costs
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stockout costs
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carrying costs
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Explanation:
Detailed explanation-1: -Ordering costs are the expenses your company incurs to purchase and receive the products it stocks in its inventory. These ordering costs can include shipping fees, unexpected transportation costs, inspection fees and other expenses necessary to acquire inventory products.
There is 1 question to complete.