Inventory control occurs when a firm runs out of a product a customer wants to buy.

Name: Inventory control occurs when a firm runs out of a product a customer wants to buy.
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Quizplus · Accepted Answer

Inventory control is the process of managing inventory to ensure that a firm has the right amount of products in stock at the right time, aiming to minimize costs while meeting customer demand. Running out of a product indicates a failure in inventory control, not the process itself.

Inventory Control Occurs When a Firm Runs Out of a Product