Post Utme Rhema University 2022 Commerce Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2022 Commerce Objective / Multiple Choice
Question 17 POST_UTME_RHEMA_UNIVERSITY • 2022 • COMMERCE • objective

A company uses a just-in-time (JIT) inventory system to manage its stock levels. In this system, inventory is ordered and received just in time to meet customer demand. What is the primary advantage of using a JIT inventory system?

Answer Options

A. Reduced inventory costs
B. Improved customer satisfaction
Correct Answer C. Increased inventory turnover
D. Reduced production costs
Correct Answer
C
Correct Option:
Increased inventory turnover

About This Question

This is Post Utme Rhema University 2022 Commerce Question 17. It is one of the objective questions from the 2022 Post Utme Rhema University Commerce examination.

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