CIPS Whole Life Asset Management (L4M7) Practice Test 2025 – Complete Exam Prep

Question: 1 / 400

What does EAN stand for?

European Article Number

EAN stands for European Article Number. It is a standardized system used for identifying products through a unique numeric code. This code is crucial for inventory management, retail, and logistics, as it allows for easy tracking and identification of items across different systems and locations. The EAN system has become widely adopted globally for its efficiency in supply chain management.

The other options do not correspond to a recognized system in product identification. While they may seem plausible, they lack the significance and widespread usage that the European Article Number holds in commerce and trade. EAN codes facilitate barcode scanning, making transactions quicker and reducing errors that can occur with manual entry, which is essential in modern retail environments.

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