This is a point at which the store keeper should initiate purchase requisition for fresh supply It is ________.

A maximum stock level
B minimum stock level
C reorder level
D average stock level

Correct Answer: reorder level

This is a point at which the store keeper should initiate purchase requisition for fresh supply It is reorder level. Re-order level is a level of material at which the storekeeper should initiate the purchase requisition for fresh supplies. When the stock-in-hand comes down to the re-ordering level, it is an indication that an action should be taken for replenishment or purchase.
Bissoy MCQ
#Commerce #Costing

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