Question

Which of the following is a function of inventory?
A) to take advantage of quantity discounts
B) to decouple various parts of the production process
C) to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand
D) All the above

Answer 1

Which of the following is a function of inventory?

A) to take advantage of quantity discounts

B) to decouple various parts of the production process

C) to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand

D) All the above

ANSWER=> option (D) all the above

These threee option (A), (B) ,and (c) are a function of inventory

Answer 2

All the given statements are functions of inventory.

• This stock refers to the items and materials held by a business. the purpose of resale.  
• Inventory management is largely concerned with defining the form and location of stored products.
• The fundamental purpose is to maximise profitability by combining marketing and manufacturing to get the most out of a business investment.
• Other responsibilities include balancing supply and demand, increasing efficiency, creating a safety stock, and regional specialisation.