Explain the term 'SKU' with an example. - Vidyadip

Question

Explain the term 'SKU' with an example.

✓

Answer

SKU stands for 'Stock Keeping Unit'. It is a code assigned to each and every item of inventory for easy identification and classification. It can be a combination of alpha and/or numeric symbols.e.g. polyester cloth can be assigned an SKU code of PY - 12.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Business Arithmetic→Business Arithmetic — all question types→Entrepreneurship STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

When is it appropriate to use financial institutions as a source of financing?

Net working capital can be negative or positive, but gross working capital is always positive. Why?

Name the commonly used tags for tracking while using SKU.

Define ‘Cost’ and name the major elements which determine the cost.

Gargya Ltd. decided to sell ceiling fans and air-conditioners at a discount during Diwali season to clear the stock. Name and explain the environmental factor which helped them in taking this decision.

The value, people place on goods and services is determined by certain factors. What are they?

If merger of Hindustan Computers Ltd, Hindustan Instruments Ltd, Indian Software Company Ltd. and Indian Reprographics Ltd into an entirely new company called HCL Ltd. Identify the forms of merger and explain the same.

“Stock Exchange provides safety and security in dealings”. How?

Give examples of consolidation.

What are current assets and current liabilities? Explain by giving examples.