Procedures and Techniques for Managing Inventory Are All of the Following

question 7

Multiple Choice

Procedures and techniques for managing inventory are all of the following except:

• A) financial ratios.
• B) economic order quantity model.
• C) payback method.
• D) the ABC system of control.

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Definitions:

Marketing Information System

A system that gathers, analyzes, and disseminates data relevant to a company’s marketing activities.

Demographic Segmentation

Dividing markets on the basis of various demographic or socioeconomic characteristics such as gender, age, income, occupation, household size, stage in family life cycle, education, or ethnic group.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Household Size

The total number of individuals living in a single housing unit, often used in context of demographic data or eligibility for certain programs.