retail industry fundamentals 2: customer service & sales and retail operations\nretail operations basics /…

retail industry fundamentals 2: customer service & sales and retail operations\nretail operations basics / knowledge check - question 5\nknowledge check - question 5\nextra inventory kept on hand in case customers buy more than the company estimated before the next shipment arrives:\na. safety stock\nb. out - of - stock\nc. back stock\nd. excess inventory

retail industry fundamentals 2: customer service & sales and retail operations\nretail operations basics / knowledge check - question 5\nknowledge check - question 5\nextra inventory kept on hand in case customers buy more than the company estimated before the next shipment arrives:\na. safety stock\nb. out - of - stock\nc. back stock\nd. excess inventory

Answer

Brief Explanations:

Safety stock is inventory held to mitigate the risk of running out of stock due to higher - than - expected demand before the next shipment arrives. Out - of - stock means no inventory available. Back stock is inventory held for future use or to fulfill future orders. Excess inventory is more inventory than needed.

Answer:

A. Safety stock