Multiple Choice
Which of these is not an advantage of a shorter inventory turnover period?
A) It means fewer funds are tied up in inventory so more are available for use in the business.
B) It means less storage space is needed for inventory.
C) It means that management can have the cost advantage of buying in bulk.
D) It means that inventory is less likely to become obsolete or out of date.
Correct Answer:
Verified
Correct Answer:
Verified
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