What is a key reason why a firm would hold inventory?
A) To maintain a source of supply
B) To prepare for the introduction of a new product introduction
C) To support a customer service policy
D) To prepare for back-to-school sales

Question

Quizplus · Accepted Answer

Holding inventory helps a firm support a customer service policy by ensuring that products are readily available to meet customer demand promptly, thus enhancing customer satisfaction and loyalty.

What Is a Key Reason Why a Firm Would Hold