b$.$ Discuss any difference we observe in inventory turnover between these two companies. Does the difference confirm our expectations given their respective business models? Explain. $($Hint: Nordstrom is a higher$-$end retailer and PriceSmart operates no$-$frills, warehouse stores.$)$

PriceSmart$$s inventory turnover rate is Answer $7$higherlower than Nordstrom's. PriceSmart sells it average inventory Answer $8$moreless times each year than Nordstrom does. Price Smart concentrates on the value$-$priced items in a warehouse setting. The company sells this low$-$priced inventory Answer $9$fasterslower than at Nordstrom where items are more pricey and sales volume is lower.

c$.$ Describe ways that a retailer can improve its inventory turnover.

Inventory turnover improves as the volume of goods sold Answer $10$increasesdecreases relative to the dollar value of goods available for sale.

Which of the following would not lower inventory levels? Answer $11$a$.$b$.$c$.$d$.$e$.$

a$.$ reducing the depth and breadth of product lines carried $($such as not carrying every style, size and color$)$

b$.$ eliminating slow$-$moving product lines

c$.$ working with suppliers to arrange for delivery when needed

d$.$ marking down goods for sale at the end of product seasons

e$.$ All answers would lower inventory levels