__________refers to raw materials, work-in-process, or finished goods that are maintained to support production or satisfy customer demand.
A) Throughput
B) A variant
C) A subsidy
D) Inventory

Question

Quizplus · Accepted Answer

Inventory refers to the stock of raw materials, work-in-process or finished goods that are maintained by a company to support production or satisfy customer demand. This inventory can be held at various stages of the production process and can fluctuate in quantity depending on factors like production output, customer demand, and lead times. Effective inventory management is crucial for ensuring that a company has the right level of inventory at the right time to meet demand while minimizing the costs of carrying excess inventory.

__________Refers to Raw Materials, Work-In-Process, or Finished Goods That Are