Question: Valid reasons for holding inventory include all the following EXCEPT: Multiple Choice 23 It allows firms to take advantage of economies of scale in purchasing.

Valid reasons for holding inventory include all the following EXCEPT: Multiple Choice 23 It allows firms to take advantage of economies of scale in purchasing. It does not cost anything to hold inventory for a short period of time. It serves as a buffer against demand uncertainty. It takes time to transform input into output, so work-in-process is inevitable

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