..... supports time and place utility by allowing an item to be produced and held for later consumption. It can be held near the location where it will be needed, or transported later.

SUPPLY CHAIN MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ supports time and place utility by allowing an item to be produced and held for later consumption. It can be held near the location where it will be needed, or transported later.

A	transporting
B	purchasing
C	packaging
D	warehousing
E	None of these

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: -Warehouses create time utility by preserving the goods until they are demanded.

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT