The number of times an intermediary's average inventory is sold in a year is called the
A. asset factor.
B. stockturn rate.
C. inventory ratio.
D. markup ratio.
E. ROI (return on inventory).
Answer: B
You might also like to view...
A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for $7,000 and paid $800 for the freight-in. The company sold the whole lot to a supermarket chain for $15,000 on account. Which of the following entries correctly records the sale?
Market demassification has resulted in ________
A) niche market creation B) product standardization C) mass production practices D) intrinsic marketing channels E) just-in-time production
Warranties disclaimers are considered unconscionable
Indicate whether the statement is true or false
Which of the following survey methods is the most expensive to conduct?
a. phone surveys b. personal interviews c. mail surveys d. group surveys