In managing inventory,in which of these categories are the costs associated with inventory storage included in?
Variant question
A)Ordering costs
B)Labour costs
C)Quality costs
D)Carrying costs

Question

Quizplus · Accepted Answer

The costs associated with storing inventory, such as rent, utilities, and insurance, are considered carrying costs. Ordering costs refer to the costs associated with placing an order, labor costs refer to the costs associated with producing or handling the inventory, and quality costs refer to the costs associated with ensuring the inventory meets quality standards.

In Managing Inventory,in Which of These Categories Are the Costs