The Objective of Inventory Management Is to Keep Enough Inventory

question 55

True/False

The objective of inventory management is to keep enough inventory on-hand to satisfy customer demand without regard to cost effectiveness.

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Definitions:

Business Market

A market where goods and services are sold by one business to another for use in production, resale, or general business operations.

1971

This is not a key term in the context of a definition.

Mechanical Calculator

A device used to perform automatic mathematical operations, developed before the advent of electronic calculators.

Astronomical Tables

Charts or tables that present the positions of celestial bodies at various times, used for navigation, astrology, and astronomy.