The upper limit beyond which the quantity of any item is not normally allowed to rise is known as …….. *
a) Minimum Stock Level
b) Maximum Stock Level
c) Reorder Quantity
d) Economic Order Quantity
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Maximum Stock Level
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It represents the upper limit beyond which the quantity of any item is not normally allowed to rise to ensure that unnecessary working capital is not blocked in stock items. Maximum stock level represents the total of safety stock level and economic order quantity.
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