When There Is a High Inventory Turnover, There Is an Increase

question 39

Multiple Choice

When there is a high inventory turnover, there is an increase in sales because

• A) price points are set higher to accommodate for potential sales loss.
• B) new merchandise is continually available to customers.
• C) the merchandise begins to look shopworn.
• D) sales are increased by reducing prices.
• E) more money is available to buy new merchandise.

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Definitions:

Openness

A personality trait that involves the appreciation for new experiences, creativity, and a willingness to explore novel ideas.

Self-rating

An evaluative process in which individuals assess their own performance, characteristics, or conditions.

Design Principle

Fundamental guideline or standard that directs the design of objects, systems, or environments.

Self-controlled

The ability of an individual to regulate their emotions, thoughts, and behaviors in pursuit of long-term goals.