Regarding the Inventory System Used by Small Retailers,which of the Following

question 57

Multiple Choice

Regarding the inventory system used by small retailers,which of the following statements is incorrect?

• A) Some small retailers find it too expensive to invest in a perpetual inventory system.
• B) To be competitive, small retailers must use a perpetual inventory system.
• C) In a periodic inventory system, businesses must obtain a physical count of inventory to determine quantities on hand.
• D) Small retailers can use either the periodic or perpetual inventory system.

---

Definitions:

Fragmented

Something that is broken into pieces, disjointed, or lacks a coherent or unified structure.

Developmental Stages

Periods of life characterized by specific physical, psychological, and emotional changes that people typically undergo.

Storming

A stage in group development characterized by conflict and competition as team members work to establish norms and structures.

Therapeutic

Relating to the healing of disease or maintenance of health, often used in the context of treatments, interventions, or environments designed to promote well-being.