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The Inventory Management Quiz

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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 (A)</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 (B)</p> Signup and view all the answers

The Inventory Management Quiz

Choose a study mode

Podcast

Questions and Answers

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

What is one of the functions of inventory management?

What does inventory management keep a check on?

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

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

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