ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What do they call an order that is not yet finished or still in process?
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Finished good
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Back order
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Pre-order
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Post-order
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Explanation:
Detailed explanation-1: -A backorder is an order for a good or service that cannot be filled immediately because of a lack of available supply. Backorders give insight into a company’s inventory management.
Detailed explanation-2: -A backorder is an order you place with your supplier for items you have committed for sale but cannot fulfill immediately.
Detailed explanation-3: -Both backorder and back order are acceptable forms of the term and are used in inventory management. Dictionaries like Merriam-Webster generally argue that it’s two words, but both are used often. Use whichever version works for you.
Detailed explanation-4: -Batch Backorder Processing. Interactive Backorder Processing.
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