ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not a type of inventory control?
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Visual
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Perpetual
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Partial
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Creative
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Explanation:
Detailed explanation-1: -Four popular inventory control methods include ABC analysis; Last In, First Out (LIFO) and First In, First Out (FIFO); batch tracking; and safety stock.
Detailed explanation-2: -Change in sales during the year is not a part of the inventory.
Detailed explanation-3: -Raw materials inventory. Maintenance, Repair, and Operating (MRO) inventory. Decoupling inventory. Work In Progress (WIP) inventory. Finished goods inventory. More items •03-Dec-2021
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