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Questions and Answers
Which department is considered the genuine soul of a firm's growth and success?
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?
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?
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?
Why is it important for inventory to be in a moderate amount?
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What is the role of inventory management in the supply chain?
What is the role of inventory management in the supply chain?
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