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A) costs include the costs of damage, theft, and reduced value if products get out-of-date.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 these alternatives about storing are true.

Question

Quizplus · Accepted Answer

All of the statements are true about storing. The costs of damage, theft, and reduced value from out-of-date products can significantly impact a company's finances. Reliable suppliers who meet delivery schedules can reduce costs in the channel. Having too few products can limit sales and hurt profits. Irregular demand makes it harder to make decisions about how much to store.