Question

After Lynda's initial client assessment, she has noted that her client will require inventory management to avoid out-of-stock situations for their merchandise.

What business industry type does this best describe?
1) Professional services
2) Appointment-based services
3) Contractor/Field Services
4) Retail and e-commerce

Answer 1

4) Retail and e-commerce

Step-by-step explanation:

The retail industry comprises businesses that sell to the final consumers of goods and services. Examples of firms in the retail industry retail stores, supermarkets, banks, gas stations are all other businesses that sell to end consumers. The retail business requires inventory to sell to customers. Out-of-stock is a situation where a retail outlet has run out of a particular product or products to sell to customers. It results in customers being turned away and lost revenues.

eCommerce is business done via the internet. The retail industry has incorporated eCommerce in its operations.