The Phrase Inventory Turns Refers To

question 31

Multiple Choice

The phrase inventory turns refers to:

• A) the stock of inventory returned to a manufacturer due to poor quality.
• B) also known as gross-profit margin turnover.
• C) the number of times an inventory item moves within a warehouse.
• D) the time it takes a product to be replaced by a newer model or upgraded product.
• E) the number of times inventory is sold or used during a specific period.

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Definitions:

Cultural Value Statements

Declarations that communicate the core principles and ethical standards that guide the behavior, decisions, and actions of an organization or community.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., in a group or organization.

Creativity

The ability to produce original and valuable ideas.

Marketing Strategies

Plans developed by organizations to promote and sell their products or services to targeted audiences.