Business 9609 · AS & A Level · Inventory management

Inventory management — practice question

(a)[2]

Define the meaning of ‘inventory management’.

(b)[3]

Briefly explain two reasons why a business might decide to hold a high level of inventory.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Keeping inventory at an appropriate/optimal level” …

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