Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Shaheen is a retailer, selling ice creams. The time between placing an order and reaching her store is approximately 2 days. Identify the concept of inventory discussed above:

Options:

Value

Space

Operating cycle

Lead time

Correct Answer:

Lead time

Explanation:

The correct answer is option (4) - Lead time