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The following is TRUE about Inventory: Group of answer choices Firms increase inventory because the more we spend on inventory, the more we need to
The following is TRUE about Inventory: Group of answer choices Firms increase inventory because the more we spend on inventory, the more we need to spend on other inventory-related expenditures Firms increase inventory because there is a risk of interruptions in the flow of components/materials from upstream suppliers Firms increase inventory because more inventory means more movement of materials Firms increase inventory because there is an opportunity cost to holding inventory Firms increase inventory because more inventory sitting for longer periods of time present more opportunities for damage, errors, rework, theft, and obsolescence
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