Kristopher Was in Charge of Inventory and Realized That His

question 89

Multiple Choice

Kristopher was in charge of inventory and realized that his company was producing more product than the market could consume in a year.This was still true despite opening trade with China and India last year.What is the term for this situation?

• A) excess global capacity
• B) global oversupply
• C) diminished global demand
• D) global recession

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Definitions:

Inventory Turnover

A measure of how frequently a company sells and replaces its stock of goods within a certain period.