Question

is one of the oldest inventory model​

Answer 1

Answer:

it is one of the oldest inventory model.

Answer 2

Answer:

FIFO (first-in, first-out) is one of the oldest inventory models.

Explanation:

FIFO (first-in, first-out) stock control seeks to promote older merchandise first in order that the enterprise is much less in all likelihood to lose cash while the goods expire or end up obsolete.

LIFO (closing in, first out) stock control applies to nonperishable items and makes use of modern-day expenses to calculate the value of products sold.

Question:- What is one of the oldest model inventory management methods?

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