Data on Shin Inc for Last Year Are Shown Below,along

question 50

Multiple Choice

Data on Shin Inc for last year are shown below,along with the inventory conversion period (ICP) of the firms against which it benchmarks.The firm's new CFO believes that the company could reduce its inventory enough to reduce its ICP to the benchmarks' average.If this were done,by how much would inventories decline? Use a 365-day year. ​

• A) $12,608
• B) $14,752
• C) $11,221
• D) $11,347
• E) $12,482

Recognize the importance of timing and how it affects message reception and effectiveness.

Apply strategies to ensure the message aligns with organizational objectives and policies.

Understand the significance of developing a clear, concise, and compelling message to engage the audience.

Assess the importance of the writing process in achieving concise and clear communication in business contexts.

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Definitions:

Segmentation Process

The act of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups based on some type of shared characteristics.

Marketing Strategy

A firm’s target market, marketing mix, and method of obtaining a sustainable competitive advantage.

Vision

A forward-looking statement or concept that outlines what an organization aspires to achieve in the future, guiding its strategic decisions and direction.

Product's Price

The monetary value assigned to a product by a company, reflecting costs, market demand, and competitive pricing, which consumers are expected to pay to acquire it.