BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is not a counting system that can be utilised when counting inventory.
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Periodic counting system
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Perpetual counting system
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Demand forecasting
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None of the above
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Explanation:
Detailed explanation-1: -There are four types of inventory counts: manual, electronic, cycle counting and full inventory counting. The methods vary but choosing the right technique can be the difference between good and bad data for your company.
Detailed explanation-2: -Two types of inventory are periodic and perpetual inventory. Both are accounting methods that businesses use to track the number of products they have available.
Detailed explanation-3: -What are the different types of inventory counting? Some of the most-used types of counting are cycle counting, spot counting (sometimes also known as ad-hoc or blind counting), and tag counting.
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