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GCSE

Business Operations

Question

What is the problem with JIC?

2 years ago

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2 Replies

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795 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

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