A major advantage of the open-to-buy concept is that it _____.

Question

Quizplus · Accepted Answer

The open-to-buy concept seeks to balance stock on hand and planned sales, which helps in maintaining the appropriate level of inventory and avoiding overstocking or understocking. This approach enables retailers to make informed decisions about how much stock they need to purchase based on forecasted sales and customer demand. This, in turn, prevents stock shortages or excess stock, which ultimately translates into increased sales and profits. Therefore, option C is the correct choice.

A Major Advantage of the Open-To-Buy Concept Is That It