exam: retail industry fundamentals (july 2024 release) question 50 of 50 what term describes a situation in…

exam: retail industry fundamentals (july 2024 release) question 50 of 50 what term describes a situation in which customers purchase more of a product than the company estimated, leading to it being sold out? a. on - demand stock b. oversold product c. out - of - stock d. saved inventory

exam: retail industry fundamentals (july 2024 release) question 50 of 50 what term describes a situation in which customers purchase more of a product than the company estimated, leading to it being sold out? a. on - demand stock b. oversold product c. out - of - stock d. saved inventory

Answer

Brief Explanations:

The term for when customers buy more of a product than estimated and it sells out is out - of - stock. On - demand stock refers to inventory produced or sourced as per customer orders. Oversold product is not a standard term for this situation. Saved inventory is inventory that is set aside or conserved.

Answer:

C. Out - of - stock