Seasonal inventory should be used when

A) a company can rapidly change the rate of its production system at a very low cost.
B) changing the rate of production is expensive (e.g., when workers must be hired or fired).
C) adjusting to a period of low demand without incurring large costs.
D) the world is perfectly predictable.

Answer: A

Business

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Fill in the blank with correct word.

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A procedure whereby the employee and the company agree ahead of time that any problems will be addressed by agreed-upon means is known as ________

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