Question: Question 3 a) List two costs associated with carrying inventory [2 Marks] b) List two functions of an Inventory Control System. [2 Marks] c) Explain

Question 3

a) List two costs associated with carrying inventory [2 Marks]

b) List two functions of an Inventory Control System. [2 Marks]

c) Explain one purpose of an Inventory Control System. [2 Marks]

d) Distinguish between the Single Period Inventory System and the Price Break Model. [4 Marks]

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