Post Utme Madonna University 2023 Commerce Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 36 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point?

Answer Options

A. To minimize inventory costs
B. To maximize inventory turnover
C. To ensure that inventory levels are always at a minimum
Correct Answer D. To reduce the risk of stockouts
Correct Answer
D
Correct Option:
To reduce the risk of stockouts

About This Question

This is Post Utme Madonna University 2023 Commerce Question 36. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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