Question

stock control through stock levels and EOQ is called

Answer 1

Hey mate!!!

here is ur ans...

Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time, and how you keep track of it.

It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers stock at every stage of the production process, from purchase and delivery to using and re-ordering the stock.

Efficient stock control allows you to have the right amount of stock in the right place at the right time. It ensures that capital is not tied up unnecessarily, and protects production if problems arise with the supply chain.

hope it helps

Answer 2

Answer:

Stock control through stock levels and EOQ is called the Demand and supply method.

Explanation:

Law of Demand and Supply:

• The interplay between the suppliers and consumers of a resource is explained by the law of supply and demand.
• The idea explains how people's willingness to purchase or sell a certain asset or product and its price are related.
• People tend to provide more and demand less when prices rise, and the opposite is true when prices fall.
• The law of supply and the law of demand serves as the foundation for this idea.
• The real market price and the number of commodities on the market are determined by the interaction of the two laws.

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