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Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798 Exercise 26
THE HOUSE OF WINE (REVISITED)
Please refer back to Case 9. The focus now shifts to inventory management. The proprietors have a somewhat limited start-up budget for inventory and working capital. It is very important for them to buy the right quantity of the right products (part of asset management).
Inventory may be purchased with cash, through short-term loans from a bank (notes payable/line of credit), or through a credit arrangement with suppliers (accounts payable). There are also a variety of shipping and receiving programs and systems available.
What milestones in the House of Wine's operations do you think should occur in order to signal when a different approach to inventory might make sense
Please refer back to Case 9. The focus now shifts to inventory management. The proprietors have a somewhat limited start-up budget for inventory and working capital. It is very important for them to buy the right quantity of the right products (part of asset management).
Inventory may be purchased with cash, through short-term loans from a bank (notes payable/line of credit), or through a credit arrangement with suppliers (accounts payable). There are also a variety of shipping and receiving programs and systems available.
What milestones in the House of Wine's operations do you think should occur in order to signal when a different approach to inventory might make sense
Explanation
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The case talks about a wine shop which i...
Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
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