Question: Inventory includes raw materials, works-in-process, and finished goods. Store managers count the items on their store shelves. The products on these shelves are goods ready
Inventory includes raw materials, works-in-process, and finished goods. Store managers count the items on their store shelves. The products on these shelves are goods ready to be sold and are finished goods inventory.
Choose a global product and analyze the differences between potential carrying and ordering costs for this product.
Analyze the relationship between product value and carrying and ordering costs for your chosen product (provide at least two specific examples).
Please provide reference.
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