The Opportunity Cost of the Stockout Is the Lost Revenue

question 63

True/False

The opportunity cost of the stockout is the lost revenue on the sale not made plus any lost revenue on future sales due to customer ill will.

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Definitions:

Cortisol

A steroid hormone produced by the adrenal gland, often released in response to stress and a component of the body's fight or flight response.

REM Sleep

A stage of sleep characterized by rapid eye movements, more dreaming, and bodily movement.

Vivid Dream

A very clear, detailed, and realistic dream that is often easily remembered upon waking.

Daylight Savings Time

The practice of setting the clock forward by one hour during warmer months to extend evening daylight and reduce morning daylight.