Q: Which of the following is a function of inventory?
- 1to take advantage of quantity discountsfalse
- 2to decouple various parts of the production processfalse
- 3to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demandfalse
- 4All the abovetrue
- Show Answer
Answer : 4. "All the above"
Answer: D) All the above Explanation: All the above given statements are functions of Inventory. Inventory or stock is the goods and materials that a business holds for the ultimate goal of resale. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. The primary function of inventory is to use marketing and production to increase profitability, to get the maximum amount for the business' investment. There are other functions of inventory, such as balancing supply and demand, improving efficiency, establishing a safety stock and geographical specialization.