ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following provides a buffer for seasonal demand?
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lot-size inventory
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fluctuation inventory
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anticipation inventory
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decoupling inventory
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Explanation:
Detailed explanation-1: -As noted above, inventory is classified as a current asset on a company’s balance sheet, and it serves as a buffer between manufacturing and order fulfillment.
Detailed explanation-2: -Anticipation inventory or speculation inventory refers to extra finished products or raw materials a business purchases to meet an anticipated jump in demand.
There is 1 question to complete.