Question: True or False 1. Inventory ordering costs usually include the cost of the product itself 2. In the basic EOQ model, stockout can be avoided

True or False

1. Inventory ordering costs usually include the cost of the product itself

2. In the basic EOQ model, stockout can be avoided if replenishment order is placed at the right time.

3. ABC analysis categorizes on-hand inventory into three groups based on annual dollar volume

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