ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lower
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Same
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Higher
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None of the above
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Detailed explanation-1: -Typically, the higher the sales turnover number, the better the turnover rate is. For example, if a sales turnover rate is 3.35, that means a business has sold its average inventory more than three times during one sales period.
Detailed explanation-2: -The 3 Biggest Reasons for Turnover Insufficient compensation – This was the reason why 89% of salespeople left. A lack of connection with leadership / Incompetence of leadership – 60 – 80% Concerns about their company’s ability to meet market needs – 75%
Detailed explanation-3: -Turnover in a sales force is normal and to be expected. Zero turnover is bad but if you’re experiencing exorbitantly high sales turnover, it’s even worse. Sales organizations, like any other organization made up of human beings, will experience personnel change.