Economics · Inventory Management
The minimum level of stock represents:
- 1The minimum quantity of stock that should be held at all times✓
- 2The maximum quantity above which stocks should not be held at any time
- 3The level at which indents should be placed for replenishing stocks
- 4The level at which normal issues of stock are usually stopped
Correct answer
The minimum quantity of stock that should be held at all times
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