Question $12$

Two key cost elements in managing inventory are the costs of "too little" product and the costs

of "too much" product, and these costs can change over the product life cycle. During the

launch phase early in the product life cycle, the costs of "too little" are relatively

and

the costs of "too much" are relatively

and

the costs of "too much" are relatively $...-.-.-.-.$

high, high

high, low

low, high

low, low