2.4 Flashcards
1
Q
Stock-
A
the goods or merchandise kept on the premises of a shop or warehouse and available for sale or distribution
2
Q
Lead time-
A
How long it takes between ordering goods and it being delivered
3
Q
Stockpile-
A
Space
4
Q
Opportunity cost-
A
The more stock you hold, the less money to spend elsewhere
5
Q
Seasonabulity-
A
Demand at seasonal times
6
Q
Buffer stock-
A
How much stock is the business propared to go,d while waiting for products to be delivered
7
Q
External factors-
A
state of economy, consumers and income.
8
Q
Stock Control Graph-
A
.
