Which Measure(s) Is(are) Useful in Evaluating the Efficiency in Managing

question 36

Multiple Choice

Which measure(s) is(are) useful in evaluating the efficiency in managing inventories?
1. Inventory turnover
2. Days in inventory

• A)1 only.
• B)2 only.
• C)Both 1 and 2.
• D)Neither 1 nor 2.

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Definitions:

Lose Customers

The process by which a business experiences a reduction in its customer base due to various factors such as poor service, high prices, or better competition.

Management Team

A group of individuals at the top level of an organization who are responsible for making strategic decisions and ensuring the company achieves its goals.

Competitive Advantage

A condition or unique attribute that allows a company to outperform its competitors, securing a superior position in the market.

Market Opportunity

The identification of a specific market need that can be met by a new product or service, offering potential for business growth.