Which of the Metrics Below Represents the Frequency of Inventory

question 266

Multiple Choice

Which of the metrics below represents the frequency of inventory replacement?

• A)back order
• B)inventory cycle time
• C)customer order cycle time
• D)inventory turnover

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Definitions:

Goods X

An unspecified product or commodity that is the subject of economic analysis or transaction.

Goods Y

A reference to a particular class or type of goods, often used in economic models.

Diminishing Marginal Rate

The Decline in the additional output produced when a new unit of input is added, with all other inputs held constant.

Substitution

The economic concept where consumers replace more expensive items with less costly alternatives, or firms replace inputs with more economical options.