The term revenụe management of consist of the following EXCEPT A. Inventory keeping B. Distribution channels C. Prices to maximize profit over the long run D. Noné of the above
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A: The answer is as below:
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- Knowing how to use the ABC analysis, make up a list of 10 items in a stores inventory, then decide which 10 items sold at the store would constitute 80% of the revenue and create a Word document using the ABC analysis.Conduct a detailed comparative analysis between the Wilson approach and the ABC analysis method for inventory management.Conduct a comprehensive comparative analysis between the Wilson approach and the ABC analysis method for inventory management.
- Discuss what are the inventory management responsibilities?4. Distinguish between physical inventory systems and perpetual inventory systems. Give an example of a company that would use each.1A-Distinguish/analysize/identify among cycle, safety, pipeline and speculative stock B-In what ways can inventory turnover provide important insights about an organisations competitiveness and efficiency 2 explain when might a multiclient warehousing management; A-Be appropriate for a company B-Using examples when necessary, discuss the design elements to be considered when using storing hazardous materials
- 21- Which one of the following represent FIFO method of inventory evaluation? a. Old items remain in inventory b. Old merchandise is sold first c. New merchandise is sold first d. Average number of goods are soldDescribe,, How do inventory control policies impact a company's cash flow and profitability?Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $15,630 Cost of sales $12,190 Inventory $1,090 Total assets $8,770 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What is Arrow's inventory turnover? times per year (round your response to two decimal places). c) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is
- 33- Which one of the following is a reason for a stock out situation for a retailer? a. Consumer demand remains unchanged b. Price of the product increases c. More lead time taken by the supplier d. There is buffer stock with the retailerWhat is the role of an inventory manager?Recommend the strategies which Mukwano Industries Limited may use to ensure an effective inventory management