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Business:
UNIT 3:
Stockpiling
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Cards (3)
Stockpiling
Build up of large
stock
of
goods
and
materials
Disadvantages of stockpiling
Goods can go
out
of
date
, especially in
food
businesses
Warehouse
costs
will be
high
and require a lot of
storage
space
Change
in
demand
can result in
large
stock
going to
waste
benefits of stockpiling
Links to sales
revenue
/volume, customer satisfaction/loyalty, and
profit