ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods ready for storage and shipment are known as:
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Raw Materials
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Work-in-Process
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Finished goods
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In-transit Inventory
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Explanation:
Detailed explanation-1: -Some examples of finished goods are cars, furniture, clothes, and smartphones. These products have completed a company’s production cycle and are ready for sale. Keep in mind that the definition of “finished goods” can vary from company to company.
Detailed explanation-2: -Semi-finished goods (SFGs)-also known as sub-assemblies-are goods that have already undergone some processing and are then used as inventory inputs in the manufacture of finished goods, which are products ready for sale to consumers.
There is 1 question to complete.