South African rapper, Cassper Nyovest, has launched a business venture manufacturing his very own clothing and shoes. It has been noted that the price of some of the supplies (fabric, leather and cotton) are going to increase next month. Considering this statement, discuss the concept of future price increases as a role for holding inventory for Cassper. Note: Provide at least two application points.
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South African rapper, Cassper Nyovest, has launched a business venture manufacturing his very
own clothing and shoes.
It has been noted that the price of some of the supplies (fabric, leather and cotton)
are going to increase next month. Considering this statement, discuss the concept
of future price increases as a role for holding inventory for Cassper.
Note: Provide at least two application points.
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