3 tries left\nrotating items in the storeroom based on the date received in order to use the oldest product…
3 tries left\nrotating items in the storeroom based on the date received in order to use the oldest product first is an example of the ______ system.\nrotation\nfifo\nlifo\npar stock
Answer
Brief Explanations:
FIFO (First - In - First - Out) is a method where the oldest items (first - in) are used or sold first. Rotating items to use the oldest product first aligns with the FIFO concept. Rotation is a general term. LIFO (Last - In - First - Out) uses the newest items first. Par stock is about maintaining a minimum quantity of inventory.
Answer:
B. FIFO