Inventories needed for the production of services and goods are called: inputs work-in-process. outputs finished goods. Question 14 (1 point) A reason for keeping inventories low is that it can improve cash flow for the company True False Question 15 (1 point) What is the definition of lot size: the number of SKU's that a customer buys from a supplier the total production of a single SKU for a one-year period. the total number pieces of SKU's that a customer buys from a supplier the number of pieces of an SKU a customer buys from a supplier