Carrying costs, also known as holding costs or cost of carry, refer to the expenses associated with maintaining an inventory or financial position. These include opportunity costs, protective measures, wastage, and funding costs.
The concept of 'free lunch' refers to something good available at no cost, although the fuller expression, 'there's no such thing as a free lunch,' suggests that even seemingly free things have hidden costs.
A strategic choice in business operations regarding whether to produce goods internally or to purchase them from external suppliers. It involves evaluating various factors including cost, capacity, quality, and opportunity costs.
