Problem:
Question 1) What is the first question that should be asked regarding the effectiveness of a firm's approach to inventory maangement?
a. whether a frequent need exists for expediting product movement
b. whether the company's customers are satisfied with existing levels of customer service
c. how frequently inventory turns over
d. whether overall inventory levels as a percent of sales rises or falls in response to increases in companies sales
Provide thorough explanation of the given question.