A Company with a Liquid Inventory Will Have

question 125

Multiple Choice

A company with a liquid inventory will have:

• A)A high inventory turnover and a high average number of days to sell inventory.
• B)A high inventory turnover and a low average number of days to sell inventory.
• C)A low inventory turnover and a high average number of days to sell inventory.
• D)A low inventory turnover and a low average number of days to sell inventory.

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Definitions:

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure the right quantity of products is in the right place at the right time.

Need-satisfaction

A sales approach focusing on identifying and meeting the specific needs of a client or customer, thereby creating value and fostering positive relationships.

Need-utilization

The process of identifying and making use of customers' requirements to effectively sell a product or service.

Need-perception

The process by which individuals recognize and understand their own needs or the needs of others.