ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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With a young business, you may be able to track inventory by looking at what you have.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Small businesses often use a stock book, or log book, to keep track of inventory. The number of inventory items is listed in one column in the book, and sales are written in another column. This allows managers to keep track of how many items have been sold. This can also be done on computer.
Detailed explanation-2: -Not only will it serve to improve performance, but it’s also useful for preventing theft with the help of product tracking and security. Managers can also aim to use their inventory management plan to monitor sales procedures which leads to better service.
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