ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a type of stock?
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Finished goods
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Buffer stocks
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Semi-finished goods
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raw materials
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Explanation:
Detailed explanation-1: -The food grains thus purchased by the FCI are kept in big granaries and are called Buffer Stock.
Detailed explanation-2: -The correct answer is A reserve of commodities used to offset deficit. Buffer stock: Buffer stock is a reserve of commodities used to offset deficits. It is maintained by the government for essential commodities and necessities.
Detailed explanation-3: -Real-world examples of buffer stock schemes include: The Food Corporation of India: This government-owned corporation maintains a buffer stock of grains such as rice and wheat to ensure food security in India.
There is 1 question to complete.