Inventory Management Basics

Raw materials, goods in process of manufacturing, finished products, merchandise purchased for resale (correct)

Only goods in process of manufacturing

Only raw materials

Only finished products

To maintain a constant stock level

To limit the amount of stocked materials

To ensure readiness for unexpected demand or distribution (correct)

To reduce inventory costs

Raw materials, goods in process of manufacturing, finished products, and merchandise purchased for resale (correct)

Only raw materials and goods in process of manufacturing

Only goods in process of manufacturing and merchandise purchased for resale

Only raw materials and finished products

<p>Amount of raw materials, goods in process, finished products, and merchandise purchased for resale</p> Signup and view all the answers

<p>To ensure readiness to meet unforeseen demand or distribution needs</p> Signup and view all the answers

<p>Raw materials, finished packaging, spares, and others</p> Signup and view all the answers