A(n)_____ Is an Amount of Inventory Carried to Ensure That

question 37

Multiple Choice

A(n) _____ is an amount of inventory carried to ensure that a business will not run out of inventory because of fluctuating levels of sales.

• A) micro inventory
• B) safety stock
• C) just-in-time inventory
• D) perpetual inventory

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Definitions:

Market Tests

Trials conducted in a specific geographic area or with a targeted group of consumers to evaluate the potential success of a new product, service, or marketing strategy before a wider launch.

Sales Force Estimates

Projections made by a company's sales team regarding future sales, based on their experiences and market understanding.

Market Tests

Trials conducted to evaluate the viability of a product or service in a specific market segment by exposing it to a representative slice of potential consumers.

Sales Forecasting

The process of estimating future sales volumes to help businesses plan their inventory, cash flow, and workforce needs.