Stock Control Quiz

What is the primary purpose of stock control?

• To increase sales

• To ensure stock levels are maintained and monitored

• To reduce employee workload

• To improve customer satisfaction

Which of the following is NOT a component of stock control?

• Storing items

• Moving items

• Selling items

• Marketing items

Stock control is sometimes referred to as:

• Sales management

• Customer service

• Inventory control

• Financial management

Which of the following is an example of raw materials and components?

• Finished goods ready for sale

• Stocks of unfinished goods in production

• Fuel and food

• Ready to use in production

What type of stock includes stocks of unfinished goods in production?

• Raw materials and components

• Work in progress

• Finished goods ready for sale

• Consumables

Which type of stock is ready for sale?

• Raw materials and components

• Work in progress

• Finished goods

• Consumables

Which of the following is an example of consumables?

• Raw materials and components

• Work in progress

• Finished goods ready for sale

• Fuel and food

What are the different requirements for stock items based on?

• Their size

• Their purpose

• Their cost

• Their location

What is one of the benefits of efficient stock control?

• Increased employee turnover

• Maximum revenue for an organization

• Reduced marketing costs

• Increased product prices

What does effective stock control ensure regarding products with a limited shelf life?

• They are discounted heavily

• They are stored indefinitely

• They are monitored and made visible to increase turnover

• They are disposed of quickly