An Inventory System in Which an Order Is Gradually Received

question 91

Multiple Choice

An inventory system in which an order is gradually received, as inventory is simultaneously being depleted is the

• A) economic order quantity model
• B) economic production quantity model
• C) quantity discount model
• D) none of the above

---

Definitions:

Future Demand

The projected desire or need for a product or service in the coming period, based on current trends and data.

Profitable Business

A company or enterprise that generates more revenue than it spends in costs, leading to a positive financial gain.

Consumer's Want

The desires or needs that influence a consumer's decision to purchase a product or service.

Small Business Owners

Individuals who own and operate businesses that are typically smaller in scale in terms of revenue, employees, and operations.