Low Inventory Turnover Compared with the Industry Average Might Reflect

question 84

Multiple Choice

Low inventory turnover compared with the industry average might reflect any of the following except:

• A)obsolete goods.
• B)poor purchasing procedures.
• C)excess merchandise.
• D)an increase in market share.

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Definitions:

Public Good

A good or service provided at no cost to every person in a society, delivered by either state institutions or a nonprofit private individual or organization.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and taxes.

Excludable

A characteristic of a good whereby it is possible to prevent people from enjoying the good unless they have paid for it.

Club Goods

Goods that are excludable but non-rivalrous, where one person's use of the good does not reduce the availability to others but access can be restricted.