Inventory position is defined as the amount of inventory on hand plus the amount
A) on order
B) promised to customers
C) on reserve
D) to be returned to suppliers

Name: Inventory position is defined as the amount of inventory on hand plus the amount A) on order B) promised to customers C) on reserve D) to be returned to suppliers
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventory position is calculated as the amount of inventory on hand plus the amount on order, as it reflects the total inventory available to meet future demand.

Inventory Position Is Defined as the Amount of Inventory on Hand