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Inventory position is defined as
| a. | the amount of inventory on hand in excess of expected demand. |
| b. | the amount of inventory on hand. |
| c. | the amount of inventory on hand plus the amount of inventory on order. |
| d. | None of the alternatives is correct. |
Expert Answer
Answer
C. the amount of inventory on hand plus the amount of inventory on order.
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Inventory position is defined as the amount of inventory on hand plus the amount of inventory on order.As the combination of both reflects the inventory position of any organization.
