The Inventory Management Quiz
5 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which department is considered the genuine soul of a firm's growth and success?

  • Finance
  • Marketing
  • Human Resources
  • Inventory Management (correct)

    • What is one of the functions of inventory management?

  • Managing the time taken by a unit for processing and reaching inventory (correct)
  • Developing financial forecasts
  • Determining advertising strategies
  • Managing employee schedules

    • What does inventory management keep a check on?

  • Increasing the price of a product after adding all taxes (correct)
  • Customer satisfaction
  • Competitor's pricing strategy
  • Employee performance

    • Why is it important for inventory to be in a moderate amount?

    <p>To prevent inventory shortages</p> Signup and view all the answers

    What is the role of inventory management in the supply chain?

    <p>Ensuring the availability of raw materials</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser