Business 9609 · AS & A Level · Inventory management

Inventory management — practice question

(a)[2]

Define what is meant by the term 'inventory reorder level'.

(b)[3]

Explain two benefits to a business of keeping buffer inventory.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Trigger quantity / preset inventory level” …

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