Inventory Turnover in the Spaces Provided,indicate the Likely Effect of Each of Each

question 112

Essay

Inventory turnover
In the spaces provided,indicate the likely effect of each of the following events or strategies upon the inventory turnover rate in the coming period.Use the following code letters: I for Increase,D for Decrease,and NE for No Effect.
____ (a)Reduced sales prices in order to increase sales volume.
______ (b)Ordered substantially larger amounts of merchandise in order to receive a volume discount from the supplier.
______ (c)Switched from the FIFO flow assumptions to LIFO during a period of rising prices.
______ (d)Placed sales clerks on commission,rather than a fixed monthly salary.
______ (e)Decided to offer customers a wider selection of merchandise available for immediate delivery.

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Definitions:

Deliberate

Carried out consciously and intentionally, often after careful consideration.

Organizational Change

The process through which a company or any kind of organization changes its operational methods, strategies, structures, or culture to improve efficiency, effectiveness, or performance.

Managers

Individuals responsible for directing and overseeing the work of a group of people in an organization.

Teams

Groups of individuals working collaboratively towards a common goal or objective, leveraging diverse skills and perspectives.