There is no way to avoid carrying inventory, so the best an owner can do is manage its movement and control its costs.
Correct Answer:
Verified
Q53: The reason for carrying inventory is to
Q54: Small businesses should develop a rating system
Q55: Opportunity costs are profits lost because money
Q56: High quality tends to result in lower
Q57: According to the 80-20 rule, approximately 20
Q59: Suppliers should be chosen on the basis
Q60: Most small businesses are successful in purchasing
Q61: How can an effective purchasing system be
Q62: Which types of inventories do small firms
Q63: How can a small business control inventory?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents