Title: Determine inventory turnover.
Course: Small Business Marketing (12161) > Section: Understanding Product/Service Management

Determining should include

- ratio (COGS divided by average inventory)
- appropriate stock turnover by product lines
- steps to avoid overstocking and/or maintain adequate inventory levels.

Process/Skill Questions:

- How is the inventory turnover ratio determined?
- What is the appropriate stock turnover ratio for certain product lines, such as fast fashion, electronics, home goods, and groceries?
- How can retailers avoid overstocking merchandise that may result in profit losses?