Bobs Car Company only keeps one of each type of car on the lot because they do not want to end up with extra inventory. When a customer decides on a car, Bob orders the car from the seller if they do not have the specific car the customer wants. What type of inventory method is being represented here?

INVENTORY MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Bob’s Car Company only keeps one of each type of car on the lot because they do not want to end up with extra inventory. When a customer decides on a car, Bob orders the car from the seller if they do not have the specific car the customer wants. What type of inventory method is being represented here?

A	LIFO Method
B	HIFO Method
C	JIT (Just In Time)
D	JIC (Just In Case)

Explanation:

Detailed explanation-1: -Which of the following summarizes the weighted average cost flow assumption? Weighted average assumes that costs flow at an average of the costs available.

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

INVENTORY MANAGEMENT