Question: 4. What does it mean when an item has inventory turn rate of 2 per year? Which is better in terms of saving up on

4. What does it mean when an item has inventory

4. What does it mean when an item has inventory turn rate of 2 per year? Which is better in terms of saving up on holding costs to increase inventory turn rate of article THG from level 2 to level 3 or to increase the inventory turnover of article IGD from level 8 to 12. It is given that annual demand, unit price and the ratio of holding costs to item value is the same for both items. (4p)

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