Problem
1. Compare and contrast the different kinds of costs in carrying inventory.
2. What role the inventory turnover ratio has in determining those costs.
3. Think about a product(s) you recently purchased-which inventory costs category is probably the largest for this product(s) and how could this category of inventory cost be reduced?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.