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PLEASEE help with question 8-9 and 10.. pleaseee
8).just in time inventory management is a method under which the inventory comes in (in many cases) just hours before it is n
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8) Advantages of just in time inventory:
1. It helps in reducing holding costs and also frees cash which would have been locked in case of high inventory.
Disadvantages:
1)It might cause stockouts .In case of stock out there might be opportunity loss in sales.

9)It means that credit period for inventory is maximum for 30 days. Howver if payment for inventory is done within 10 days there is trade discount of 1%.These credit terms are used by supplier for faster recovery.

10)Companies extend trade credit to buyers as there might be tough competition. The buyer could easily switch to a supplier providing favourable credit terms. It has helps in building business relationship with the buyer. In case of future order the buyer may prefer companies with better credit terms.

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