Which of the Following Statements Is NOT TRUE

question 205

Multiple Choice

Which of the following statements is NOT TRUE?

• A) Storing is a marketing function.
• B) Storing allows producers and intermediaries to keep stocks at convenient locations.
• C) Storing allows the producer to achieve economies of scale in production.
• D) Storing is necessary when production of goods doesn't match consumption.
• E) Storing can increase the value of goods, but does not involve costs.

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Definitions:

Waiting Time

The period during which one waits for something to happen or arrive.

Hierarchy of Authority

An organizational structure where every entity in the organization, except one, is subordinate to a single other entity.

Efficiently

means accomplishing a task or completing a process in a way that maximizes productivity with the minimum wasted effort or expense.

Contemporary Management

Involves current practices, strategies, and technologies used by managers to achieve organizational goals and address modern challenges.