Dr Wells Purchased a Refrigerator for Use in Storing Medications

question 79

Multiple Choice

Dr. Wells purchased a refrigerator for use in storing medications at his office. The refrigerator will be classified as:

• A) consumer goods.
• B) equipment.
• C) a fixture.
• D) inventory.

---

Definitions:

Customer Wait Time

The duration a customer must wait before receiving a product or service, affecting overall satisfaction and perception of the business.

Customer Cycle Time

The total time taken from when a customer requests a service or product to when they receive it.

Order Cycle Lengths

The total time taken from when a customer places an order to when they receive the goods, affecting inventory levels and customer satisfaction.