Supply Chain Management Professional (SCMP) · Question
A 'consignment inventory' arrangement means that the inventory is:
In consignment, the seller retains ownership of the goods until they are sold or consumed by the buyer, who holds them on their premises.
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Question: A 'consignment inventory' arrangement means that the inventory is:
Answer options:
- Owned by the buyer until used or sold. ✅ Owned by the seller until used or sold by the buyer.
- Owned jointly by buyer and seller.
- Purchased outright by the buyer at the time of delivery.
Correct answer: Owned by the seller until used or sold by the buyer.
Explanation: In consignment, the seller retains ownership of the goods until they are sold or consumed by the buyer, who holds them on their premises.
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