Question

‘Techworks’ is a company selling electronic products. To keep track of inventory and manage sales efficiency each and every item in the inventory is assigned a unique code which signifies certain aspects of the item. Its unique code is a combination of alpha and numeric and is used not only for data collection, but also for further manipulation for deriving meaningful statistics and decision-making. However, over time, due to advancement in technology, certain items may not be used and their demand drops off. ‘Techworks’ faces a challenge of dealing with these products, particularly with technology evolving quickly. Some of the items that make up the inventory of ‘Techworks’ as discussed above are ______________ and ______________.

• A. Stock Keeping Unit (SKU) code, Motley Crowd
• B. Motley Crowd, Demand not uniform or not predictable \
• C. Obsolescence, Shelf life
• D. Stock Keeping Unit (SKU) code, Obsolescence

Hint:

SKU = Unique product code for inventory tracking. Obsolescence = When products become outdated or obsolete.

Answer 1

The Correct Option is D

A Stock Keeping Unit (SKU) code is a unique alphanumeric code assigned to each product to help track inventory and sales efficiently.
Obsolescence refers to the condition when products become outdated or no longer in demand due to technological advancements. Therefore, the two inventory aspects faced by ‘Techworks’ are SKU codes for tracking and Obsolescence due to technology changes.