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a. What is outsourcing? How does outsourcing help in efficient management of inventory? b. Explain with example how the cost of ordering inventory affects the

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a. What is outsourcing? How does outsourcing help in efficient management of inventory? b. Explain with example how the cost of ordering inventory affects the overall cost of inventory. c. When is the incremental approach to evaluating changes in credit policy preferred over the income statement approach and why? d. Discuss the role of capital and capacity in setting credit standard for customers

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