manage *C Question 4: 4.1 Study the graph below, and answer the question that follows: 60- 50- 40- inventory level (000s) 30- 20- 10- Fig. 1: Inventory control chart N 04 0 time (weeks) (13 Marks) Maximum level = 60 Units Cycle stock 4.2 List four (4) reasons why businesses hold safety stock. Reorder level = 20 Units Minimum Level = 10 Units Graph 1: Inventory control chart indicating safety stock or inventory Required: Discuss the relationship between Safety Stock and Stock Control Inventory Management in your own words. (7 marks) (4 marks) 4.3 You decided to attend a TEDx conference based in Moscow, Russia. The conference aims to focus on minimising the effects of the cost of a lost sale. List two (2) methods which can be used to calculate the cost of a lost sale. (2 marks) Total: 100 Mark