Which of the Following Measures the Length of Time It

question 85

Multiple Choice

Which of the following measures the length of time it takes to acquire, sell and replace inventory?

• A) inventory turnover
• B) number of days' sales in inventory
• C) retail method of inventory costing
• D) gross profit method of inventory costing

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Definitions:

Infrequent Customers

Individuals who purchase goods or services from a business irregularly or rarely.

Survey Profitable

A survey method designed to understand the profitability of various aspects of a business, often focusing on customer satisfaction and product/service viability.

Attitudinal Loyalty

Customer loyalty based on positive feelings and attitudes towards a brand rather than on habit or convenience.

Transactional Satisfaction

The degree of contentment a customer feels after making a purchase, focusing on the specific transaction rather than the overall relationship with the brand.