It is generally best to keep a larger inventory on hand than will be needed in order to avoid shortages.

Name: It is generally best to keep a larger inventory on hand than will be needed in order to avoid shortages.
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Question

Quizplus · Accepted Answer

Keeping a larger inventory than needed can lead to increased costs for storage, insurance, and potential obsolescence of items, outweighing the benefits of avoiding shortages. Efficient inventory management aims to balance having enough stock to meet demand without excessive surplus.

It Is Generally Best to Keep a Larger Inventory on Hand