Average stock level can be calculated as
Q. Average stock level can be calculated as
A. Minimum stock level + ½ of Re-order level
B. Maximum stock level + ½ of Re-order level
C. Minimum stock level + 1/3 of Re-order level
D. Maximum stock level + 1/3 of Re-order level
Answer: Minimum stock level + ½ of Re-order level
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