Question: QUESTION 2 [ 2 5 MARKS ] a ) Discuss four different forms of inventory that can be held by a retail firms and how

QUESTION 2[25 MARKS]
a) Discuss four different forms of inventory that can be held by a retail firms and how they
differ from those held by manufacturing firms with respect to type and level. (12 marks)
b) Evaluate the effectiveness of any four inventory management techniques in maintaining the
right levels of inventories. (13 marks)

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