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If Inventory Turnover Is Equal to 3,that Means That the Company

question 75

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If inventory turnover is equal to 3,that means that the company keeps a three-month supply of inventory on hand.


Definitions:

Successful Entrepreneur

An individual who has effectively identified a market opportunity and organized the resources necessary to capitalize on it, resulting in a profitable and sustainable business venture.

Characteristics

Qualities or features that distinguish an object, person, or phenomenon from others, defining its nature and behavior.

Hoechst Celanese

Hoechst Celanese is a division of Celanese Corporation, a global technology and specialty materials company originally formed as a part of the German chemical company Hoechst AG before restructuring and divestment.

Work Force

The collective group of individuals engaged in employment within an organization or economy.

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