What is inventory turnover?
A) An unfilled customer order for a product that is out of stock
B) The time it takes to manufacture a product and deliver it to the retailer
C) The agreed-upon time between the purchase of a product and the delivery of the product
D) The frequency of inventory replacement

Question

Quizplus · Accepted Answer

Inventory turnover refers to how often a company replaces its inventory over a certain period, typically a year. It is a measure of the efficiency with which a company manages its inventory and sells its products.

What Is Inventory Turnover