T or F

Stockouts reduce inventory excesses and increase profits 6. Most small businesses use a single source of supply. 7 Small businesses should develop some type of rating system to use in selecting, evaluating, and retaining vendors 8 The amount of inventory carried should be in balance with customer demand to minimize total costs 9. Issuing purchase orders creates legal records of purchase 10 Small businesses find that lowering prices is a better tactic for reaching customers than emphasizing quality and reliability. 1 12 Higher quality tends to result in higher production costs