Ask Question
BusinessBusiness
29 March, 22:14

Almost certainly you have seen vending machines being serviced on your campus and elsewhere. On a predetermined schedule the vending company checks each machine and fills it with various products. This is an example of which category of inventory model?

a. Fixed Order Model

b. Fixed Time Period Model

c. Single time period model

d. Fast fill Model

+3
Answers (1)
  1. 30 March, 01:18
    0
    B. Fixed Time Period Model.

    Explanation:

    Fixed time period model: It is referred to as an inventory model that counts inventory at every fixed interval of time, like every week, every fortnight, or every month. It generates order quantity, which varies from time to time, depending on the usage rate. There is no fixed order quantity in this inventory system, however, it required higher reserved stock to match the order quantity as a vendor needs to make a periodic visit for counting inventory and place the order as required.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Almost certainly you have seen vending machines being serviced on your campus and elsewhere. On a predetermined schedule the vending ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
15 Select all the correct answers. Which statements are true according to the law of demand? An increase in supply leads to an increase in demand. A decrease in supply leads to a decrease in demand.
Answers (1)
Groups are select one: a. social structures that have an existence apart from the particular relationships people have with one another. b. an example of the idea that the whole is greater than the sum of its parts. c. an example of the idea that
Answers (1)
Getty Company expects sales for the first three months of next year to be $200,000, $235,000, and $298,000, respectively. Getty expects 35 percent of its sales to be cash and the remainder to be credit sales.
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Fox has used the FIFO method of inventory valuation since it began operations in 20x6. Fox decided to change to the weighted-average method for determining inventory costs at the beginning of 20x9.
Answers (1)
New Questions in Business
Which bond would pay higher interest rate on your investment a treasury bond or a junk bond
Answers (1)
Spring Company uses activity-based costing to allocate their overhead costs. Setup costs ot $100,000 are based on number of batches. Plant service costs of $65,000 are based on square footage.
Answers (1)
Assume the macro islands can produce either 25 fishing boats or 150 jars of guava jelly in one hour. the micro islands can produce either 30 fishing boats or 300 jars of guava jelly in the same time period. this data tells an economist that
Answers (1)
Your friend really likes a t-shirt that you purchased last week at a concert by your mutually favorite musician group. You purchased the very last shirt in your size and there are no more available.
No Answers
An effective way to begin defining the purpose of a marketing plan, is to make a list of all the information needed to prepare the marketing plan A. True B. False
Answers (1)
Home » Business » Almost certainly you have seen vending machines being serviced on your campus and elsewhere. On a predetermined schedule the vending company checks each machine and fills it with various products.
Sign Up Forgot Password?