To improve cash flow and profitability, effective managers attempt to minimize the firm's investment in inventory.

Name: To improve cash flow and profitability, effective managers attempt to minimize the firm's investment in inventory.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Minimizing inventory investment can help improve cash flow as it reduces the amount of money tied up in stock that may take time to sell. Additionally, it can improve profitability by reducing the costs associated with storing and managing excess inventory.

To Improve Cash Flow and Profitability, Effective Managers Attempt to Minimize