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 ______________.
‘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 ______________.
Show Hint
SKU = Unique product code for inventory tracking.
Obsolescence = When products become outdated or obsolete.
Updated On: Jul 4, 2025
- Stock Keeping Unit (SKU) code, Motley Crowd
- Motley Crowd, Demand not uniform or not predictable \
- Obsolescence, Shelf life
- Stock Keeping Unit (SKU) code, Obsolescence
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
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Obsolescence refers to the condition when products become outdated or no longer in demand due to technological advancements.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.
Was this answer helpful?
0
0
Top Questions on Marketing
- ‘Payal Ltd.’ is the manufacturer of high-end costly water purifiers. Their water purifiers are unique and different from the purifiers available in the market. For its marketing, they appointed salespersons who will go door-to-door and explain the unique features of their product. From the following, identify the channel of distribution adopted by ‘Payal Ltd.’:
- A brand or a part of a brand that is given legal protection against its use by other firms is called ________________________.
- Which is NOT a feature of a cooperative society?
- In marketing, the 4 Ps stand for Product, Price, Place, and:
- Which is a method of primary data collection in market research?
View More Questions
Questions Asked in CBSE CLASS XII exam
- The monetary policy is formulated by the ____ in the Indian economy.
- CBSE CLASS XII - 2025
- Money and Banking
- "The government generally levies higher Goods and Services Tax (GST) on socially undesirable products like cigarettes, tobacco, liquor etc." Identify and explain the indicated government budget objective in the above statement.
- CBSE CLASS XII - 2025
- Government Budgeting
- Find the values of \( a \) for which \( f(x) = \sin x - ax + b \) is increasing on \( \mathbb{R} \).
Two batteries of emf's \(3V \& 6V\) and internal resistances 0.2 Ω \(\&\) 0.4 Ω are connected in parallel. This combination is connected to a 4 Ω resistor. Find:
(i) the equivalent emf of the combination
(ii) the equivalent internal resistance of the combination
(iii) the current drawn from the combination- CBSE CLASS XII - 2025
- Electrical Circuits
Four students of class XII are given a problem to solve independently. Their respective chances of solving the problem are: \[ \frac{1}{2},\quad \frac{1}{3},\quad \frac{2}{3},\quad \frac{1}{5} \] Find the probability that at most one of them will solve the problem.
View More Questions