What is meant by inventory, Marketing Management

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Question:

(a) What is meant by inventory?

(b) Name the typical items carried in inventory.

(c) What are the assumptions for the Economic Order Quantity (EOQ)?

(d) What are the characteristics of a queuing system?

(e) What are the implications of waiting lines?

(f) List and explain briefly the most important factors to consider in analyzing a queuing system.

(g) What are the assumptions of the basic simple queuing model?


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