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When ordering inventory, Elizabeth always remembers her first month on the job. That month, she ordered inventory based on the previous month's sales, but then
When ordering inventory, Elizabeth always remembers her first month on the job. That month, she ordered inventory based on the previous month's sales, but then the city started a construction project in the street right in front of her store. Because it wasn't easy for people driving by to pull into the parking lot, sales were much lower than expected, and many of the perishable items had to be thrown out. Ever since, Elizabeth has ordered less inventory than the store could sell Anchoring bias Seeing what you want to see C Justifying past decisions O Overconfidence What could Elizabeth do to overcome this bias? Look at inventory and sales data for the last several months to determine a new amount of inventory to order O Ask a manager from a different store how much inventory she should order Order the same amount of inventory that she ordered her first month on the job O Continue to order the same amount of inventory
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