Why Do Small Business Managers Tend to Overbuy Inventory

question 37

Multiple Choice

Why do small business managers tend to overbuy inventory?

• A)They forecast greater demand than is realistic
• B)Vendors insist that prices may be going down.
• C)They don't want to disappoint vendors and suppliers.
• D)Maximising inventory is a good way to decrease taxes.

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Definitions:

Matriarchal

A social system in which women hold primary power, typically in roles of political leadership, moral authority, social privilege, and control of property.

Monarchical

Pertaining to a monarchy, a form of government in which a single figure, the monarch, acts as the head of state within the parameters of a constitution or laws.

Hierarchical Society

A society in which individuals or groups are ranked one above the other based on status or authority.

Dominant Group

The social group considered to have the most power, influence, and rights in a particular context or society.