L4M7 Exam Dumps | What is meant by the term 'obsolete stock'?

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Question 79/121

What is meant by the term 'obsolete stock'?

A. Stock which has become outdated

B. Low value/low risk stock

C. Damaged stock

D. Stock which has been stolen

Correct Answer: A

Obsolescent stock is stock, usually finished goods, which is in good condition and satisfactory working but for which demand is irreversibly falling towards zero. Once this demand reaches zero the stock can be considered 'obsolete'. It cannot be used or sold in its current state. Food ingredients (like candy canes) which are out of date are another example.

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