KT18: 2.4.3 stock control Flashcards
1
Q
buffer stock
A
the desired minimum stock level held by a firm just in case something goes wrong
2
Q
comparative advantage
A
a feature that gives one business an edge over its rivals
3
Q
competitiveness
A
the extent to which a firm can stand up or beat its rivals
4
Q
stock holding cost
A
the overheads resulting from the stock levels held by a firm
