Question: Supply Chain Management Question: (NB: Wrong answers will be disliked & reported). Question: BRIEFLY DESCRIBE the 3 costs (Ordering Costs, Holding costs, Shortage costs) associated

Supply Chain Management Question: (NB: Wrong answers will be disliked & reported).

Question: BRIEFLY DESCRIBE the 3 costs (Ordering Costs, Holding costs, Shortage costs) associated with the holding of business inventory? (15marks)

(Guideline; Please be brief to cover the 15 marks otherwise the answer will be disliked, thanks)

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