Explain in brief the inventory carrying costs, Accounting Basics

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Question 1:

What are the kinds of inventory?

Transaction inventory
Speculative inventory
Precautionary inventory

Question 2:

Explain in brief the inventory carrying costs.

Capital cost, service cost, risk cost, storage cost

Question 3:

Describe any three types of business environment and provide their effects on the inventory management.

Explanation of inventory management including

Any types (description , impact on environment , Diagram volume variety mix,) Concluding remarks

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