Question

For product c,what is the total cost (of holding and ordering inventory)?​

Answer 1

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Answer 2

Answer:

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Step-by-step explanation:

The total cost of inventory is the sum of the purchase, ordering and holding costs. As a formula: TC = PC + OC + HC, where TC is the Total Cost; PC is Purchase Cost; OC is Ordering Cost; and HC is Holding Cost.

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