A Stock-Keeping Unit (SKU) Is a Unique Identification Number Used

question 54

True/False

A stock-keeping unit (SKU) is a unique identification number used to track a product in the consumer's home.

---

Definitions:

Carrying Costs

Expenses incurred by holding inventory or assets, including storage, insurance, and taxes.

Product Demand

Refers to the desire and necessity for consumers to purchase a specific good or service.

Carrying Cost

Costs incurred by holding inventory, including storage, insurance, and opportunity costs, over a specific period.

Credit Sales

Credit sales are transactions where the purchase of goods or services is made on credit, with payment to be made at a later date.