Determination of safety stock involves a trade-off between the risk of a stock-out and increased

costs of carrying additional inventory.

Indicate whether the statement is true or false

TRUE

Business

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Firms increase profitability by _____________ for the consumer

Fill in the blank(s) with the appropriate word(s).

Business

Which of the following is true of a mediator?

A) A mediator should arrive at a final decision. B) A mediator can be obtained from the local bar association. C) A person who does not have a background in law is generally preferred as a mediator. D) If the mediator is not from a governmental organization, the agreement signed during mediation is not valid.

Business