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In this A level Business revision video, we examine inventory control diagrams, explaining the term maximum stock levels, 'buffer' stock levels, re-order levels, re-order quantities and lead times. We also investigate the reasons why some businesses decide to keep high levels of stock whilst others keep stock levels low.
Inventory control is a topic on the new AQA Business A level and the Edexcel Business A level.
Taking The Biz is a channel dedicated to A level Business revision.
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