Question: What factors should be considered when purchasing for a small business? Aside from reducing inventory levels, what does the just-in-time philosophy promote? When would an

What factors should be considered when purchasing

What factors should be considered when purchasing for a small business? Aside from reducing inventory levels, what does the just-in-time philosophy promote? When would an ABC inventory system be appropriate? Explain how the Pareto rule is important to a small business owner. 3. 1

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