Question

The amount you budget for inventory over a period of three months is called

O projected purchase.
O revenue.
O invoice anticipation.
O open to buy.

Answer 1

The correct answer is Open to Buy

Step-by-step explanation:

The open-to-buy is the amoun you budgeted for all of your inventory purchases expected for a given period. These are usually budgeted for One to Four months : ) <3

-angelina

Answer 2

The correct answer would be option D, Open to Buy.

Step-by-step explanation:

The amount you budget for inventory over a period of three months is called Open to Buy.

When a retailer allocates budget for future inventory orders, for a specific period of time, either 3 months, 6 months, one year, etc, it is called as Open to Buy. Open to Buy is very helpful for the retailers to have a right amount of stock of the right product at a right time. In this way, retailer will know about the amount of inventory available and the amount of inventory needed for a particular period of time. So option D is the correct answer.