The administrative costs associated with purchasing items is?

Question

Quizplus · Accepted Answer

Order cost includes all administrative costs related to the purchasing process, such as processing purchase orders, negotiating with suppliers, and receiving and inspecting deliveries. Stockout cost refers to the cost associated with running out of inventory, while inventory carrying cost relates to the cost of holding inventory over time. Purchase cost refers to the cost of the actual item being purchased.

The Administrative Costs Associated with Purchasing Items Is