Periodic review systems are ______.
A)characterized by a continuous physical count of inventory
B)best suited for businesses that sell low-volume products
C)also known as seasonal review systems
D)used extensively in the service industry

Question

Quizplus · Accepted Answer

Periodic review systems are not characterized by a continuous physical count of inventory, as that is the characteristic of perpetual review systems. They are not known as seasonal review systems either. Periodic review systems are best suited for businesses that sell low-volume products, as they involve ordering inventory at predetermined intervals rather than in response to real-time demand fluctuations. They may be used in the service industry, but not extensively as they are more commonly used in retail and manufacturing industries.

Periodic Review Systems Are ______