Storing:
A) costs include the costs of damage, theft, and reduced value if products get out-of-date.
B) costs can be reduced in the channel if suppliers are reliable about meeting delivery schedules.
C) too few products is likely to reduce a firm's costs, sales, and profits.
D) decisions are more difficult to make when demand is irregular.
E) All of the above are true.

Question

Quizplus · Accepted Answer

All of the statements are true regarding storing. The costs of damage, theft, and reduced value due to out-of-date products can add up, reliable delivery schedules can help reduce costs, not having enough products can lead to reduced sales and profits, and irregular demand can make it more difficult to make decisions about inventory levels.