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Volten Inc

question 9

Multiple Choice

Volten Inc.is an online apparel store.It has separate sections for casual wear,office wear,and party wear.It also divides its products on the basis of price to suit people of various income levels.In this way,it caters to different sections of society.Which of the following bases has the company most likely used for positioning its products?


Definitions:

Lot Size

The quantity of items processed or procured in a single order or batch, affecting inventory levels and production efficiency.

Periodic Review

A systematic evaluation of a process or system at regular intervals to ensure it meets certain standards or goals.

Safety Inventory

Additional inventory kept to protect against variability in demand or supply, ensuring that stockouts are minimized.

Cycle Service Level

A measure of a company's ability to deliver products to customers within the committed time frame, often used as an indication of inventory management effectiveness.

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