The XYZ chain of grocery stores purchases enough products on one deal to carry them over until the manufacturer's next regularly scheduled deal.This practice is known as _____.

Question

Quizplus · Accepted Answer

Forward buying refers to the practice of purchasing enough inventory to carry a business over until the next regularly scheduled deal or promotional period. This can be a buying strategy used by retailers to ensure that they have an adequate supply of products at a favorable price.

The XYZ Chain of Grocery Stores Purchases Enough Products on One