BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The goal of inventory control procedures is to maximize profits with minimum inventory investment, without impacting customer satisfaction levels.
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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: -The goal of inventory control is for brands to keep only the necessary units on hand without spending too much money upfront or sacrificing customer satisfaction.
Detailed explanation-2: -Inventory control or management refers to the process or procedures of ordering, storing, and utilizing a company’s inventory. These include the storage and processing of raw materials, components, and completed products, as well as the administration of raw materials, components, and finished products.
There is 1 question to complete.