Question

The benefit of the perpetual inventory system is that managers immediate access to information on sales and inventory levels. This allows the managers to ____________ and __________________.

Answer 1

A perpetual inventory system benefits managers by providing real-time sales and inventory data, enabling them to make informed decisions on production, pricing, and operational management.

Step-by-step explanation:

The benefit of the perpetual inventory system is that it provides managers with immediate access to information on sales and inventory levels. This allows the managers to expand or reduce production, set the price they choose, open new factories or sales facilities or close them, hire workers or to lay them off, and start selling new products or stop selling existing ones. These actions are crucial in managing operations efficiently and can lead to enhanced decision-making capabilities for business management.