ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

INVENTORY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It is important to stock items according to their:
A
specific storage requirements.
B
specific uses.
C
specific package sizes.
D
hazardous potential.
Explanation: 

Detailed explanation-1: -It is important to stock items according to their specific storage requirements. This means that room temperature, humidity, ventilation, and light must all be taken into consideration for each drug product. Some drugs require refrigeration or freezing for storage.

Detailed explanation-2: -Stock, also used as a synonym of inventory, refers to all or the quantity of products that a company has stored. Both raw materials and finished products can be considered products in stock, provided these materials are stored ready for their entry into production or final sale.

Detailed explanation-3: -Storage or inventory control is about the process of maintaining the correct quantity of what’s in your storage room. It also includes keeping track of your products’ components supply vendors, ensuring a consistent flow of stock availability, and preserving an ideal quantity of stock on hand.

There is 1 question to complete.