Which of the following is a benefit of keeping inventory on hand?

Question

Quizplus · Accepted Answer

Keeping inventory on hand allows for sales to be made and profits to be gained, and also enables cross-sales to be made and profits to be increased. Additionally, by having inventory available, goodwill can be built up with customers who appreciate being able to quickly and easily purchase products without delays or out-of-stock issues. Holding inventory also helps avoid the costs and potential losses associated with not having inventory on hand, such as lost sales and expedited shipping fees to restock inventory. Therefore, all of the options presented are benefits of holding inventory.

Which of the Following Is a Benefit of Keeping Inventory