The average relationship of cost to retail value for a retailer's merchandise that is available for sale is the ________.

Question

Quizplus · Accepted Answer

The average relationship of cost to retail value is known as the cost complement. It helps retailers determine the profitability of their merchandise by comparing the cost of the item to the price it is being sold for. Option B, inventory turnover, refers to how many times a store sells and replaces its inventory within a given period. Option C, open-to-buy, is the budget a retailer sets aside for purchasing new merchandise. Option D, stock-to-sales ratio, is the measurement of how much inventory a retailer has on hand compared to how much they are selling.

The Average Relationship of Cost to Retail Value for a Retailer's