The Inventory Level That Triggers an Order Is Called the ________

question 33

Multiple Choice

The inventory level that triggers an order is called the ________.

• A)lot size
• B)order quantity
• C)reorder point
• D)rate of return

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Definitions:

Business Trust

A legal entity formed under trust law to pursue business activities, offering participants flexibility in management and investment.

Assets

Economic resources or owned items of value that an individual, company, or organization possesses.

Profits

The financial gain obtained after subtracting expenses from revenue in a business operation.

Syndicate

A group of individuals or organizations combined to undertake some specific business venture or share the risk in investments.