MARKETING TERM of the WEEK: Round and Round Edition

Divide the dollar value of annual product revenues by the average dollar value of your physical stock to calculate what?

ANSWER

Inventory turns refers to the number of times that inventory “turns over” in a year. It is calculated on the basis of the revenues associated with a product and the level of inventory held. READ MORE…

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Marketing Term of the Week ©2024 Universal Marketing Dictionary – a project of the Marketing Accountability Standards Board

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