Four Rollers Corp

question 53

Multiple Choice

Four Rollers Corp., an automobile company, benefits by spending less than its competitors on labor, operations, promotions, and features offered. This enables the firm to charge relatively lower prices on its goods from its customers. Which of the following is a competitive advantage of the firm?

• A) High quality
• B) Low costs
• C) Flexibility
• D) Delivery
• E) Adaptability

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Definitions:

Ending Inventory

The value of unsold goods at the end of an accounting period.

Inventory Management

The supervision and control of ordering, storing, and using a company's inventory, both raw materials and finished products.

Days' Sales In Inventory

A financial metric that measures the average number of days it takes for a company to turn its inventory into sales.

Average Inventory

Average inventory is a calculation that estimates the value or number of goods a company has in stock over a specific period, often used to assess inventory turnover.