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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 29
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.
When thinking about the House of Wine's inventory, will it make any difference that some inventory is time-limited (i.e., can spoil), other parts of it are seasonal, and some can be sold or held for long periods of time If it is an issue, how do you propose to handle it
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.
When thinking about the House of Wine's inventory, will it make any difference that some inventory is time-limited (i.e., can spoil), other parts of it are seasonal, and some can be sold or held for long periods of time If it is an issue, how do you propose to handle it
Explanation
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The case depicts the importance of inven...
Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
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