"Stockturn rate" means:
A) the number of days required to sell a given output of products.
B) the amount of time needed to sell every item in a retailer's inventory.
C) the number of times the average inventory is sold in a year.
D) the rate at which products enter and leave an intermediary's establishment.
E) None of these is a good definition of "stockturn rate."

Question

Quizplus · Accepted Answer

Stockturn rate refers to the number of times the average inventory is sold in a year, so the best choice is C. Option A refers to lead time, option B refers to inventory turnover, and option D refers to throughput. Option E is incorrect as option C is a good definition of stockturn rate.

"Stockturn Rate" Means