The Main Objectives of Inventory Management Are to Provide Customers

question 42

Multiple Choice

The main objectives of inventory management are to provide customers with the right number of products and ______.

• A)to provide these at the right place and at the right time
• B)to keep inventory at a maximum
• C)to ensure cost of production is low
• D)to avoid stock-outs

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Definitions:

Unusually Low

Pertains to a value or level that is significantly below what is considered normal or typical.

Higher

At an elevated level in terms of quality, amount, or degree compared to something else.

Illusory Correlation

The false perception of a relationship between two variables that are either weakly correlated or not correlated at all.

Athletic Socks

Socks designed for sports and physical activity, offering support, cushioning, and moisture-wicking properties.