Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 1979 International Business Machines Corp. (IBM) was one of the world's largest companies, and it dominated the market for huge mainframe computers. Back
In 1979 International Business Machines Corp. (IBM) was one of the world's largest companies, and it dominated the market for huge mainframe computers. Back then, IBM's inventory turnover ratio was about 3.3. Through the years, IBM switched from mainframe to personal computers, and today the company earns most of its revenues from a variety of services rather than from selling hardware. By 2017, IBM's inventory turnover ratio had risen to 23.9. What do you think might account for the tremendous increase in IBM's inventory turnover between 1979 and 2017? Explain.
Step by Step Solution
★★★★★
3.37 Rating (147 Votes )
There are 3 Steps involved in it
Step: 1
International Business Machines commonly known as IBM has a long and storied history of innovation It introduced its first computer in 1981 which was ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Global Marketing management
Authors: Masaaki Kotabe, Kristiaan Helsen
5th edition
470505745, 978-0470505748
