When compared to the costs of carrying excess inventory,the cost of lost sales is insignificant and should be ignored.

Name: When compared to the costs of carrying excess inventory,the cost of lost sales is insignificant and should be ignored.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both excess inventory and lost sales have significant costs that should be managed and balanced. Ignoring either one can have negative impacts on a company's financial performance and customer satisfaction.

When Compared to the Costs of Carrying Excess Inventory,the Cost