A low inventory turnover ratio suggests that:
A. ?the firm is using the first-in first-out (FIFO) method of inventory valuation.
B. ?the cost of inventory of the firm is lower than that of the similar firms.
C. ?the firm is holding excess stocks of inventory.
D. ?the inventory of the firm is sold and restocked very often.
E. ?the firm purchases all its inventory on credit.
Answer: C
You might also like to view...
What can U.S. marketers learn about mobile marketing by looking overseas?
What will be an ideal response?
While some countries have laws regulating marketing activities, some of those countries have only a few laws that are loosely enforced
Indicate whether the statement is true or false
Financial accounting information is used primarily by management
Indicate whether the statement is true or false
Managers of fast-food restaurants struggle with a rapid turnover of personnel. Employee turnover rates of 100 to 200 percent annually are common. The work environment is difficult and customers can often be demanding. One of the first steps managers can take to help workers deliver quality service is to
A. reward service providers based solely on the speed of service. B. review the delivery support system. C. ban abusive customers from their restaurants. D. provide emotional support and concern for their employees. E. make sure services delivery expectations are consistent and coherent throughout the organization.