Question detail
QuickFix Repairs serves commuters while opening a second outlet; the case evidence includes net profit margin of ?3,888, sales of 848 units, and a 19% change in costs or demand. Which option best applies Evaluate just in time stock management for a given business?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
The role of procurement
Question
- A. Use stock, just in time to judge labour productivity, managers impact, and the business objective in Managing stock.
- B. Give only a definition of The role of procurement without using the case evidence.
- C. Treat cash flow and profit as identical and ignore the effect on managers.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use stock, just in time to judge labour productivity, managers impact, and the business objective in Managing stock.
Explanation
Choose this response because Use stock, just in time to judge labour productivity, managers impact, and the business objective in Managing stock. The case evidence gives ?5,388, 848 units, and 19%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse cash flow and profit, miss the managers, or ignore the business objective.
Common mistake
Managing stock common mistake 1
Giving a vague answer instead of directly addressing: Evaluate just in time stock management for a given business..
Answer by clearly explaining how to evaluate just in time stock management for a given business..
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