The costs of holding inventory include:
i.carrying cost; II)order cost; III)insurance cost

Question

Quizplus · Accepted Answer

The costs of holding inventory include carrying cost (costs associated with holding and managing inventory, such as storage and handling expenses), order cost (costs associated with ordering and replenishing inventory, such as administrative and transportation expenses), and insurance cost (costs associated with insuring inventory against loss or damage). Therefore, options I, II, and III are all correct.

The Costs of Holding Inventory Include