[amp_mcq option1=”financial” option2=”Marketing” option3=”stock” option4=”purchasing” correct=”option4″]<\/p>\n
The correct answer is: D. purchasing<\/strong><\/p>\n Good inventory management is good purchasing management because it ensures that the right amount of products are available at the right time, at the right cost. This can be achieved by carefully planning and controlling the purchasing process, including identifying and evaluating suppliers, negotiating prices, and placing orders.<\/p>\n Option A, financial management, is incorrect because it is not directly related to inventory management. Financial management is concerned with the overall financial health of a business, while inventory management is concerned with the specific management of a business’s inventory.<\/p>\n Option B, marketing management, is incorrect because it is not directly related to inventory management. Marketing management is concerned with the promotion and sale of a business’s products or services, while inventory management is concerned with the specific management of a business’s inventory.<\/p>\n Option C, stock management, is incorrect because it is a synonym for inventory management. Stock management is the process of controlling and managing a business’s inventory.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”financial” option2=”Marketing” option3=”stock” option4=”purchasing” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[945],"tags":[],"class_list":["post-45200","post","type-post","status-publish","format-standard","hentry","category-financial-management","no-featured-image-padding"],"yoast_head":"\n