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Obsolete stock levels refer to inventory items that are no longer in demand or have become outdated, making them unsellable or significantly less valuable. This can occur due to changes in consumer preferences, technological advancements, or the introduction of new products. Managing obsolete stock is crucial for businesses, as it ties up capital and storage space, impacting overall operational efficiency. Regular inventory assessments and timely disposal or discounting strategies can help mitigate the effects of obsolete stock.
What else can I help you with?
When stock is obsolete what are the challenges company is likely to face?
I need more information to proceed effectively. If your company is invested in another company that went out of business than that stock no longer exists and can be reported as a loss.
What do you call something no longer in use?
Something no longer in use is often referred to as "obsolete." It may also be termed "disused," "outdated," or "defunct," depending on the context. These terms indicate that the item or concept has been replaced or is no longer considered relevant or functional.
Number of stock exchanges in India and name them?
There are 23 Stock Exchanges in India. Apart from the NSE and the BSE, the other stock exchanges are: * Ahmedabad Stock Exchange Association Ltd. * Bangalore Stock Exchange * Bhubaneshwar Stock Exchange Association. * Calcutta Stock Exchange * Cochin Stock Exchnage Ltd. * Coimbatore Stock Exchange * Delhi Stock Exchange Association * Guwahati Stock Exchange Ltd. * Hyderabad Stock Exchange Ltd. * Jaipur Stock Exchange Ltd * Kanara Stock Exchange Ltd * Ludhiana Stock Exchange Association Ltd * Madras Stock Exchange * Madhya Pradesh Stock Exchange Ltd. * Mangalore Stock Exchange Limited * Meerut Stock Exchange Ltd. * Mumbai Stock Exchange * National Stock Exchange India * OTC Exchange of India * Pune Stock Exchange Ltd. * Uttar pradesh Stock Exchange Association * Vado dara Stock Exchange Ltd.
What is the meaning for ex-stock?
"ex stock" just means "from stock". When a vendor says items are "ex stock", it simply means items are already in stock and ready for delivery. -San It stands for "Existing Stock" - Andrew
What is Operational Concept?
what is the differnec between an operational concept document and a concept for operations
What is a form of proof as to the stock transaction mostly obsolete nowadays?
stock certificate
How do you calculate the provision for obsolete stocks?
How to reverse provision stock
Is self concept subjective?
yes, distorted feedback obsolete information
What IS STOCK Concept and flow concept?
Stock concept doesn't have a time reference whereas Flow concept has time reference i.e. Stock concept gives the value at an instant of time while flow concept gives the values over a period of time.
Is production a stock and income a flow?
yes, production is a stock concept and income is a flow concept.
Stock and flow concept in macroeconomics?
Stock concept doesn't have a time reference whereas Flow concept has time reference i.e. Stock concept gives the value at an instant of time while flow concept gives the values over a period of time.
Is marketing concept an obsolete concept?
marketing is a concept that keeps growing. Every day people look for better ways of marketing. so marketing is a concept that will keep growing no matter what.
What is the relationship between a flow concept and a stock concept?
The flow concept is the one in which goods and services move from person to person. In the stock concept, stocks build up or get depleted, they do not flow.
What is periodic stock taking?
Periodic stock taking is the process of physically counting and verifying the inventory levels of a business at regular intervals. By conducting periodic stock taking, businesses can ensure the accuracy of their inventory records, detect any discrepancies, and make necessary adjustments to maintain inventory control. It helps in preventing theft, identifying slow-moving or obsolete stock, and improving overall inventory management.
In hospitality what is par stock?
concept of per stock in hotel industry
What is the concept of a stock market?
Give me your extra dollars
In many cases a self-concept is based on data which may have been true at one time but are now obsolete?
True
