Which of the following statements is true in regard to the difference between fixed-order and fixed-

Which of the following statements is true in regard to the difference between fixed-order and fixed-time period models?

Fixed-time period models are normally more expensive to implement than fixed-order quantity models.

On average, fixed-order quantity models enable firms to hold smaller amounts of inventory than firms using fixed-time period models.

Both fixed-order quantity and fixed-time period models operate on a perpetual review system.

All of the above statements are true

None of the above statement are true

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