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What is the simple meaning of FIFO rule in a food enterprise?

Answer and explanation

Correct answer: Using materials purchased or received first before newer stock

FIFO means ‘First In, First Out’: food materials that enter storage first should be used before newer stock. This prevents older stock from being left unused for too long and reduces spoilage and wastage. Using the newest stock first is the opposite of FIFO. Exam tip: remember FIFO as a stock-rotation method.

Related tags

Food EnterpriseFifoStock RotationFood StorageInventory ManagementTraditional Occupations In India Indian CuisineWorkLivelihood And CareerWork Livelihood And Career

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