Final answer:
High-priced jewelry stores are expected to have the lowest inventory turnover compared to gas stations and discount grocery stores because their expensive items sell more slowly, resulting in a longer duration before stock is replaced. So, the correct option is d. jewelry stores.
Step-by-step explanation:
The question asks which of the following industries is expected to have the lowest inventory turnover: gas stations, discount grocery stores, and high-priced jewelry stores. Inventory turnover refers to how often a company sells and replaces its stock of goods within a period. A high inventory turnover indicates that goods are sold quickly, while a low turnover means goods remain on shelves or in storage longer.
Gas stations typically sell products that are in constant demand, such as gasoline and convenience items, leading to frequent restocking and a higher inventory turnover. Discount grocery stores also experience high inventory turnover because they deal with perishable goods that are sold quickly and at lower prices to attract higher volumes of customers. In contrast, high-priced jewelry stores typically have a much slower rate of sales due to the high value and price of the goods, meaning items remain in inventory for longer periods before being sold. Therefore, between the options provided, high-priced jewelry stores would generally be expected to have the lowest inventory turnover. To conclude, among the options given, it is anticipated that high-priced jewelry stores would have the lowest inventory turnover.