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Which one of the following statements on inventory pooling is not correct? 1. Retailers do not have to be owned by the same entity to

Which one of the following statements on inventory pooling is not correct? 1. Retailers do not have to be owned by the same entity to pool their inventory 2. Inventory pooling reduces the cost consequence of a stockout at one of the retailers when the other retailer has inventory 3. Pooling is more effective when the retailers have negatively correlated demands 4. Pooled inventories must reside at the same physical location

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