exam: retail industry fundamentals (july 2024 release) question 33 of 50 when managing inventory for a…

exam: retail industry fundamentals (july 2024 release) question 33 of 50 when managing inventory for a bookstore, what should be the companys goal to ensure they have enough books without overstocking or running out? a. as much supply as possible b. more supply than demand c. more demand than supply d. supply that meets or equals demand

exam: retail industry fundamentals (july 2024 release) question 33 of 50 when managing inventory for a bookstore, what should be the companys goal to ensure they have enough books without overstocking or running out? a. as much supply as possible b. more supply than demand c. more demand than supply d. supply that meets or equals demand

Answer

Brief Explanations:

The goal of inventory management is to balance supply and demand. Having as much supply as possible (A) leads to over - stocking and high costs. More supply than demand (B) also causes over - stocking. More demand than supply (C) means running out of stock. Supply that meets or equals demand (D) ensures there are enough goods without over - stocking or shortages.

Answer:

D. Supply that meets or equals demand