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Q. What do you mean by Inventory days?
(Average inventory / Cost of sales) x 365 days
Average inventory can be arrived by taking this year's and last year's inventory values and dividing by 2 - (Opening inventories + closing inventories) / 2. This ratio tells how long the inventory stays in the company before it is sold. The lower the ratio the more efficient company is trading, however this may result in low levels of inventories to meet demand. A lengthening inventory period may indicate a slowdown in trade and an excessive build up of inventories, resulting in additional costs.
Pioneering development of GIS
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Offering products or services which offer dissimilar advantages from competitors' and which are valued by purchasers.
1. Encourage open communication among team members to support team development 2. Demonstrate ways of resolving conflict among team members
A process in the industry where a wholesaler requests an amount that is the difference among the manufacturer's price to the wholesaler and the contract price to the resale custome
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need to make a memo to company executives explaining why adequate training is important to the company and how the financial costs can be justified
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