MANAGEMENT

Detailed explanation-1: -Inventory can be used to hedge against inflation if the company has a high purchasing power. They should have the financial capacity to stock goods enough to cater for the period when prices will be high.

Detailed explanation-2: -While there are many types of inventory, the four major ones are raw materials and components, work in progress, finished goods and maintenance, repair and operating supplies.

Detailed explanation-3: -Inventory control means managing your inventory levels to ensure that you are keeping the optimal amount of each product. Proper inventory control can keep track of your purchase orders and keep a functional supply chain. Systems can be put in place to help with forecasting and allow you to set reorder points, too.

Detailed explanation-4: -Expert-Verified Answer It is also called stock control. Economic order quantity has minimum total cost per order, its inventory carrying costs increases with quantity per order and its Ordering cost decreases with lo size. Hence, the correct answer among all the options is option d) All of the above.