The _____ is also called the reorder point.
A) replacement value
B) disposal value
C) optimum stocking level
D) economic order quantity

Question

Quizplus · Accepted Answer

Optimum stocking level is also known as the reorder point, which is the level of inventory at which an order should be placed. It ensures that the inventory level does not fall below a certain point, preventing stockouts and lost sales. Option A, B, and D are all related to inventory management but are not the same as the reorder point.

The _____ Is Also Called the Reorder Point