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Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipBusiness Arithmetic1 Mark
Question
What is meant by ‘Re-order Point’?
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Answer

Re-order point is the point or level at which the new order must be placed so that the inventory is replenished before the stock level reaches zero.

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