What two kinds of inventories do manufacturing firms keep?
A) an inventory of final products and an inventory of materials used in production.
B) a just-in-time inventory and a back-up inventory.
C) a daily inventory and an annual inventory.
D) an inventory of office supplies and an inventory of factory supplies.

Question

Quizplus · Accepted Answer

Manufacturing firms typically keep an inventory of both final products and materials used in production. This allows them to have stock on hand for future orders and to ensure that they have the necessary materials to continue production without delays.

What Two Kinds of Inventories Do Manufacturing Firms Keep