Stock management quiz

Stock management quiz

10th Grade

8 Qs

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Stock management quiz

Stock management quiz

Assessment

Quiz

Business

10th Grade

Practice Problem

Hard

Created by

Hayley Cope

Used 2+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is stock management?

The process of overseeing and controlling the inventory of goods in a business.
The process of managing financial investments in the stock market.
The process of organizing and arranging stock items on shelves.
The process of tracking the movement of livestock in a farm.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does customer demand mean?

The number of customers a business has.
The desire or need for a particular product or service expressed by customers.
The amount of money a customer is willing to pay for a product or service.
The satisfaction level of customers with a product or service.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: The purchase order is prepared by the supplier and given to the buyer

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the internal factors when it comes to stock management?

Employee training, equipment maintenance, and cost control.
Demand forecasting, supplier relationships, and pricing strategies.
Marketing campaigns, customer feedback, and competitor analysis.

Production capacity, inventory levels, theft, and quality control.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can happen if we don't have enough stock to meet customer demands?

Our reputation may be negatively impacted and we may lose customer trust.
We may lose potential sales and revenue.
Customers may become dissatisfied and choose to shop elsewhere.
Several negative consequences can occur if we don't have enough stock to meet customer demands.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are fluctuations in supply or demand?

Variations in the price of a product or service.
Changes in the quality of a product or service.
Fluctuations in the advertising of a product or service.
Changes in the quantity of a product or service that is available or desired by consumers over a period of time.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a product line ?

A group of products offered by different companies.
A group of related products offered by a company.
A single product offered by a company.
A group of unrelated products offered by a company.

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