Question: 1. What factors should be considered when purchasing for a small business? 2. Aside from reducing inventory levels, what does the just-in-time philosophy promote? 3.

1. What factors should be considered when purchasing for a small business? 2. Aside from reducing inventory levels, what does the just-in-time philosophy promote? 3. When would an ABC inventory system be appropriate? 4. Explain how the Pareto rule is important to a small business owner.

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Factors to Consider When Purchasing for a Small Business Budget and Cost Management Small businesses often operate with limited budgets so its essential to consider the costeffectiveness of purchases ... View full answer

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