When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typically called Anticipatory inventory.
<h3>
What is Anticipatory inventory?</h3>
- Anticipatory inventory is the stock that is continued to accord to the normal buyer interest. It is very like wellbeing stock however it contrasts as in this stock is generally kept occasionally when the interest for items can shift enormously.
- This inventory enables a company to adapt to changes in customer demand.
- It enables the company to constantly provide customer service.
- When demand fluctuates, it enables the company to grow its operations.
- This inventory type may resemble safety stock quite a bit. It varies from safety stock, though, in that it is kept on hand by the business to handle demand swings. This change reflects the anticipation of rising demand in the near future.
- If a scarcity or price increase is anticipated soon, businesses might store more inventory.
Hence, this kind of inventory is frequently referred to as anticipatory inventory, such as when the grocery store orders a huge supply of chocolate candies right before Valentine's Day.
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<em>The</em><em> </em><em>labor</em><em> </em><em>market</em><em> </em><em>works</em><em> </em><em>much</em><em> </em><em>like</em><em> </em><em>other </em><em>markets</em><em> </em><em>.</em><em> </em><em>There</em><em> </em><em>are</em><em> </em><em>buyers</em><em> </em><em>and</em><em> </em><em>sellers</em><em> </em><em>and</em><em> </em><em>they</em><em> </em><em>interact </em><em>to</em><em> </em><em>determine</em><em> </em><em>a</em><em> </em><em>price</em><em> </em><em>.</em><em> </em><em>In</em><em> </em><em>the</em><em> </em><em>labor</em><em> </em><em>market </em><em>,</em><em> </em><em>firm's demand </em><em>labor</em><em> </em><em>and </em><em>individuals</em><em> </em><em>such</em><em> </em><em>as</em><em> </em><em>you</em><em> </em><em>and</em><em> </em><em>I </em><em>supply </em><em>that</em><em> </em><em>labor</em><em> </em><em>.</em><em> </em><em>Employers</em><em> </em><em>demand</em><em> </em><em>labor</em><em> </em><em>because</em><em> </em><em>workers</em><em> </em><em>are</em><em> </em><em>an</em><em> </em><em>important</em><em> </em><em>part</em><em> </em><em>of</em><em> </em><em>the</em><em> </em><em>production</em><em> </em><em>process</em><em>.</em><em>.</em><em>.</em><em>.</em>
<em><u>Hope</u></em><em><u> </u></em><em><u>it</u></em><em><u> </u></em><em><u>will</u></em><em><u> </u></em><em><u>helps</u></em><em><u> </u></em><em><u>you</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em>
Answer:
Safety Stock.
Explanation:
Safety Stock is held to respond to the uncertainties in demand and supply levels because it is an additional amount of a product or material which is generally held in an inventory to mitigate or lessen the risk that a product or material will become out of
stock.
In Business management, the safety stock can be calculated using the following formula;
<em>Safety stock = (Md * Ml) - (Ad * Al) </em>
Where;
Md = maximum daily usage.
Ml = maximum lead time in days.
Ad = average daily usage.
Al = average lead time in days.
Answer:
Self-concept.
Explanation:
Self concept is expressed in a companie's mission and it is the perception one has of his goals, characteristics, behaviours, and abilities.
It is a picture of what we think we are. In a business self-concept is important because it dictates the way we act and think on a daily basis.
When comparing mission statement of rival forms it is beneficial to try and get insights into their self-concept, so that strategies to compete with them can be formulated.
The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.
Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.
<h3>Barter System</h3>
- The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.
- The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.
- The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.
Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.
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