Use the following to answer questions:
Scenario 12-2. Jeremy's Jewels is a retail store that specializes in medium-quality, medium-priced jewelry. It is located in a mall in downtown Yosako, Kansas. Jeremy is concerned about his inventory costs. He has several questions concerning purchasing, choosing suppliers, and how much inventory he actually needs. Lately, his cash flow has been severely strained due to the fact too much cash is being tied up in inventory. Jeremy is currently the only employee of his small business.
-In Scenario 12-2 above, an important factor for Jeremy in considering his inventory needs is which of the following?

Question

Quizplus · Accepted Answer

The time period it takes to receive new inventory is an important factor for Jeremy in considering his inventory needs because it will affect how much inventory he needs to keep on hand. If it takes a long time to receive new inventory, he will need to keep more inventory on hand to avoid running out.

Use the Following to Answer Questions