Obsolete and Obsolescence Stock
Quiz
•
Business
•
University
•
Hard
Sellecca Blackstock
Used 1+ times
FREE Resource
13 questions
Show all answers
1.
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1 min • 1 pt
“From the moment a product comes out of the factory, its journey towards obsolescence has begun. This is known as the ----
2.
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1 min • 1 pt
Stock that has no further requirement by the customer of the supplies department.
3.
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1 min • 1 pt
Refers to stock that is declining in requirement, but it still has some useful life.
4.
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1 min • 1 pt
When a product can no longer keep up with technological advances in the market.
5.
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1 min • 1 pt
This results in when an item of stock no longer functions the way it did when it was first purchased.
6.
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1 min • 1 pt
_____________also called built-in obsolescence
7.
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1 min • 1 pt
When a manufacturer postpones the introduction of technological improvements of its products even though the improvements could be introduced.
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