Question
Suppose your business model is to buy products wholesale and sell directly to customers through an online selling platform. You are trying to decide what
Suppose your business model is to buy products wholesale and sell directly to customers through an online selling platform. You are trying to decide what product to sell (For example office supp, cleaning supp, home improvement supp, school supplies, and groceries, etc).
What type of product would you sell and what type of inventory strategy would you use? Justify your chosen strategy and explain how you would manage your inventory. (Consider "Pressures for Small Inventories" and "Pressures for Large Inventories" in your textbook to help craft your answer). Address the following questions in your response:
-How will you keep up with demand?
- What are three things you considered when choosing your chosen strategy?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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