Which of These Is Not an Advantage of a Shorter

question 37

Multiple Choice

Which of these is not an advantage of a shorter inventory turnover period?

• A)It means fewer funds are tied up in inventory so more are available for use in the business.
• B)It means less storage space is needed for inventory.
• C)It means that management can have the cost advantage of buying in bulk.
• D)It means that inventory is less likely to become obsolete or out of date.

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Definitions:

Negotiation Outcomes

Outcomes or conclusions derived from negotiations, encompassing the agreements or resolutions reached by parties after discussions.

Negotiation Process

A series of discussions and compromises between parties with differing needs or views to reach a mutually acceptable outcome.

Improvise an Approach

The ability to adapt methods or create new strategies spontaneously in response to unforeseen challenges or opportunities.

High Familiarity

A situation or condition where there is extensive knowledge or awareness about a particular topic, person, or context.