Asked by Liliana Tiznado on Jun 25, 2024
Verified
Which of the following items is mostly likely managed using a single-period order model?
A) Christmas trees
B) canned food at the grocery store
C) automobiles at a dealership
D) metal for a manufacturing process
E) gas sold to a gas station
Single-Period Order Model
A decision-making tool used in inventory management for products with a limited lifespan, focusing on optimizing order quantities for a single selling period.
Christmas Trees
In the context of oil and gas, refers to the assembly of valves, spools, and fittings installed on a wellhead to control the flow of oil or gas from the well.
- Identify the use and consequences of single-period inventory models.
Verified Answer
JC
Jaylen CoferhiBmlJun 30, 2024
Final Answer :
A
Explanation :
Christmas trees are a seasonal item with a short selling period, making it appropriate to use a single-period order model for inventory management. In this model, a business orders only enough inventory to meet the immediate demand and does not keep any excess inventory for future use.
Learning Objectives
- Identify the use and consequences of single-period inventory models.