Carrying a large inventory may improve customer service but will also increase the cost of ________ inventory.

Name: Carrying a large inventory may improve customer service but will also increase the cost of ________ inventory.
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Question

Quizplus · Accepted Answer

Holding inventory refers to the cost of storing and maintaining inventory, including rent or mortgage payments, utilities, insurance, and labor costs. By carrying a larger inventory, a business incurs higher holding costs.

Carrying a Large Inventory May Improve Customer Service but Will