Answering Inventory Scenario Based Questions (SBQ)
In this lesson, we will learn a step-by-step approach to answering scenario-based questions on inventory. This includes learning how to identify positive and negative points in the scenario to support and justify our decisions.
Related Lessons:
Steps to Answering Scenario Based Question
In answering a scenario-based question, we have to choose between two choices. This must be clearly stated in your answer.
We need to support our choice with three reasons obtained from the question. For each reason, we must explain why it support our decision and what benefit does it brings to the business.
Answering Inventory SBQ
In an inventory scenario-based question, we are required to advise the business on which of the two products it should purchase for resale.
The product chosen should give the business better sales opportunities. It should be easy to sell and popular with the business’s target customers, so that sales revenue and profit can increase. In addition, a product with a lower cost or a higher gross profit margin is also preferred.