Question

Inventory holding costs are the costs of storing products until they are purchased or shipped to customers. Group of answer choices True False Next

Answer 1

Answer:

True.

Explanation:

Inventory holding cost are the cost incurred when storing goods that have not been sold. They are part of total inventory cost. Other costs that make up total inventory are shortage and ordering cost.

Inventory holding cost includes storage cost, cost from damaged goods, and insurance paid on excess goods.