An operations strategy which recognizes high carrying costs and reduces ordering costs will result in:

greatly decreased order quantities

Explanation:

When an operation strategy favors high carrying cost, instead of the ordering cost. What this causes is a great decrease in the number of good been ordered or quantity. The higher the cost of the goods the lesser that would be bought. As people or customers would tend to favor cheaper alternatives.

answer; coefficient of correlation;

answer; a set of mutual funds with similar risk characteristics to your mutual fund;