An Increase in Inventory Turnover Means Days in Inventory

question 62

Multiple Choice

An increase in inventory turnover means days in inventory

• A)increases.
• B)decreases.
• C)remains the same.
• D)cannot be determined.

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Definitions:

Modified Rebuy

A buying situation in which an organization makes some changes to an existing purchase agreement, perhaps adjusting quantities, delivery schedules, or product specifications.

Evoked Set

A group of relevant brands or products that a consumer recalls from memory when making a purchasing decision.

Evaluative Criteria

The standards or benchmarks that consumers use to compare different products or services before making a purchasing decision.

Running Shoe

A type of footwear specifically designed to improve comfort and performance during running.