The two fundamental decisions you must make when controlling inventory are "How much to order? and "What does it cost?"

Name: The two fundamental decisions you must make when controlling inventory are "How much to order? and "What does it cost?"
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Question

Quizplus · Accepted Answer

The two fundamental decisions are "How much to order?" and "When to order?" These decisions are crucial for maintaining optimal inventory levels and ensuring that there is enough stock to meet demand without incurring excessive holding costs.

The Two Fundamental Decisions You Must Make When Controlling Inventory