Business Studies

>

GCSE

Business Operations

Question

What is the problem with JIC?

1 year ago

·

2 Replies

·

692 views

C

Christa Weimann


2 Answers

T
Tasleem

Just in case can result in unwanted stock which will lead to increase costs. This could impact a business as it results in lost opportunities.

R
Richard John Lavington

Inventory holding costs eg. warehouse costs, wastage costs (eg. food could go off), insurance costs (inventory needs to be insured against fire and theft), security costs eg. security guards

Think you can help?

More Business Studies GCSE Questions
Sherpa Badge

Need a GCSE Business Studies tutor?

Get started with a free online introductions with an experienced and qualified online tutor on Sherpa.

Find a GCSE Business Studies Tutor