A Change in the Average Inventory Turnover Period from 83

question 50

Multiple Choice

A change in the average inventory turnover period from 83 to 59 days means that inventory is:

• A)being sold more slowly
• B)being sold more quickly
• C)being purchased for cash
• D)none of the options is true

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Definitions:

Push Strategy

A marketing approach that involves taking the product directly to the customer via whatever means to ensure the customer is aware of your brand at the point of purchase.

Supply Chain

A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Physical Distribution

The activities concerned with the efficient movement of products from the producer to consumers, including storage and transportation.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.