Stockouts refer to a situation in which a company is out of an item at the same time that there is demand for that item.

Name: Stockouts refer to a situation in which a company is out of an item at the same time that there is demand for that item.
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This is correct. Stockouts occur when a company runs out of inventory for a particular item while there is still demand for it. This can result in lost sales, dissatisfied customers, and reduced profitability.

Stockouts Refer to a Situation in Which a Company Is