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Business A Level, Edexcel, Theme 2.4.3 - 2.4.4 Questions With Correct Answers Graded to Pass
Business A Level, Edexcel,
Business A Level, Edexcel,
Factors which influence Stock Levels - type of stock, demand, stockpile goods, the costs of stock holding, external factors, amount of working capital available Buffer Stocks - stocks held as a precaution to cope with unforeseen demand (just-in-case) Advantages of holding Buffer Stocks - prevents halts in production, don't lose regular customers, don't miss out on sale opportunities, quickly respond to customer needs/demand Disadvantages of holding Buffer Stocks - expensiv...
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