Select the correct answer regarding the motives for holding inventories by firms.
1. Transaction motive
2. Environmental motive
3. Precautionary motive
4. Speculative motive
5. Competitive motive
A. 1, 2, 3, 4
B. 1, 2, 4, 5
C. 1, 4, 5
D. 1, 3, 4
Answer: Option D
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