Answer:
Days in inventory is 66 days
Explanation:
The formula for days in inventory is 365 days/inventory turnover while inventory turnover is costs of good sold divided by average inventory.
costs of goods sold is $550,000
average inventory is ($90,000+$110,000)/2=$100,000
inventory turnover =$550,000/$100000
inventory turnover =5.5 times
The days in inventory can then be computed thus:
days in inventory=365 days/5.5=66.36 days
The days in inventory is the average number of days that it took inventory to be sold and it is approximately 66 days in this instance
The typical relationship between satisfaction and loyalty is Satisfaction determines loyalty.
<h3>How are satisfaction and loyalty related?</h3>
In the business world, loyalty is dependent on satisfaction because the level of satisfaction that a consumer gets will determine if they will be loyal to a brand.
This is why companies place a huge premium on pleasing their customers to ensure that they are loyal to the brand.
Find out more on loyalty in business at brainly.com/question/26372157.
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The statement in the marketing mix, product refers to activities that communicate the merits of a product and persuade target customers to buy it is: True.
<h3>What is marketing mix?</h3>
Marketing mix can be defined as the technique or strategies use by companies to create awareness about their product or brand.
The statement is true because with marketing mix a company can make use of price, product, promotion to attract and persuade potential customers to buy the product.
The marketing mix are:
- Price
- Product
- Promotion
- Place
Therefore the statement is true.
Learn more about marketing mix here:brainly.com/question/859394
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To increase the money supply in the economy
Answer:
I would say A:Only certain goals can be understood in monetary terms.