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Question

Economics Question on Business organizations

Match List I with List II

| LIST I| | LIST II
---|---|---|---
A.| Purchase cost| I.| Insurance cost, depreciation, etc.
B.| Ordering cost| II.| Time gap between placing order and receiving the order
C.| Holding cost| III.| Cost incurred in purchasing an item
D.| Lead Time| IV.| Includes telephone charger, postage, travel, etc.

Choose the most appropriate answer from the options given below:

A

A-II, B-III, C-I, D-IV

B

A-III, B-IV, C-I, D-II

C

A-III, B-I, C-IV, D-II

D

A-IV, B-I, C-III, D-II

Answer

A-III, B-IV, C-I, D-II

Explanation

Solution

The correct option is (B):A-III, B-IV, C-I, D-II