Inventory shortage may not drive customers away.

MARKETING MIX

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Inventory shortage occurs when there are fewer items on hand than your records indicate, and/or you have not charged enough to the operating account through cost of goods sold.

Detailed explanation-2: -Not keeping track of inventory levels can lead to stock out of popular items during a sudden surge in demand. This can happen due to peak season or other external factors. Having sufficient stock is crucial. A business that has a reputation for running out of stock frequently will struggle to reach its full potential.

Detailed explanation-3: -Increase inventory accuracy. Enforce a regular cycle counting practice. Set reorder points. Determine lead times. Improve forecasting capabilities. Utilize demand planning. Keep safety stock. Use automated inventory management software. More items •01-Jun-2022

There is 1 question to complete.

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MARKETING MIX