________ Is the Process of Receiving, Storing, Handling, and Tracking

question 2

Multiple Choice

________ is the process of receiving, storing, handling, and tracking of everything in a company's stock.

• A)Inventory control
• B)Total quality management
• C)Reserve stock system
• D)Just-in-time inventory

---

Definitions:

Weekly

Pertaining to, happening once every week or pertaining to a week.

Market Price

The price of a good or service determined by the supply and demand conditions in a competitive marketplace, reflecting what consumers are willing to pay and sellers accept.

Short Run

A period in economics during which at least one factor of production is fixed and cannot be changed.

Short Run Supply Curve

A graphical representation showing the quantity of goods or services that producers are willing and able to sell at different prices over a short period, assuming some production factors are fixed.