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Business Studies

Functions of Distribution Channel

Which of the ...

Question

Which of the following is true for a company which continuous reviews its inventory system?

A

Order Interval is fixed

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B

Order Interval varies

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C

Order Quantity is fixed

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D

Both A and C

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Solution

The correct option is B Order Interval varies
Continuous inventory system or perpetual inventory system of inventory describes the system of inventory where information of inventory quantity with the availability is monitored on a regular basis.
As inventory ordering is also based on the availability of stock, order intervals may change because of the perpetual inventory system.

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