In General,it's Better to Have a Low Inventory Turnover Ratio

question 91

True/False

In general,it's better to have a low inventory turnover ratio than a high one,as a low ratio indicates that the firm has an adequate stock of inventory relative to sales and thus will not lose sales as a result of running out of stock.

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Definitions:

Creative Thinkers

Individuals who possess the ability to think outside of traditional frameworks, generating original and innovative ideas or solutions.

Guilford

An American psychologist known for his pioneering work in the study of human intelligence and creativity.

Creative Thinking

The ability to think about a task or problem in a new or different way, or to use imagination to generate new ideas.

Solutions

Refers to methods or strategies used to solve problems or achieve desired outcomes.