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10. The general manager of a steel mill is pretty sure that the demand for and price of steel will be increasing sharply within the
10. The general manager of a steel mill is pretty sure that the demand for and price of steel will be increasing sharply within the next six months due to a sudden boom in the housing market. If he increases current production and inventories corresponding to his belief, his action would be indicative of the motive for holding inventory. a. Speculative * b. precautionary c. transaction d. iust-in-time
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