The three basic measures of inventory are average aggregate inventory, weeks of supply, and inventory turnover.

Question

Quizplus · Accepted Answer

These are indeed the three basic measures of inventory. Average aggregate inventory refers to the average amount of inventory held over a period of time, weeks of supply measures how many weeks an inventory can sustain sales, and inventory turnover measures how many times inventory is sold and replaced over a period of time.

The Three Basic Measures of Inventory Are Average Aggregate Inventory