A(n)_____ Occurs When a Stock Keeping Unit That a Customer

question 33

Multiple Choice

A(n) _____ occurs when a stock keeping unit that a customer wants is not available.

• A) overstock
• B) B-stock
• C) obsolescence
• D) excess supply
• E) stockout

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Definitions:

Fair Value Hedge

A hedging strategy used to mitigate risk by matching the fair value of an asset or liability through a financial derivative.

Merchandise Inventory

Goods held by a business for the purpose of sale to customers in the ordinary course of business.

Forward Contract

A non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Ordering Merchandise

The process of purchasing goods for sale, typically from suppliers or manufacturers, by a retail or wholesale business.