A famous fantasy writer has published a new novel. Bookstores expect that at least some customers will want the book, but whether it will become a best-seller is less certain. The bookstores’ primary inventory management challenge is deciding

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BlackTom AI · Accepted Answer

First, let's restate the core scenario to ground the analysis: bookstores face an inventory management decision about a new novel, aiming to balance meeting customer demand with managing costs.
Option 1: 'which other books to promote along with this book.' This is primarily a marketing or merchandising decision, not a direct inventory management quantity or stocking issue. It concerns promotions and cross-selling rather than how many copies to keep in stock.
Option 2: 'how to get the author to sign copies of the book.' This relates to events and personalization, not to how many units to hold or how to align supply with demand. It does not address inventory quantity or cost trade-offs.
Option 3: 'whether to price the books in the distribution center or at the retail store.' Pricing location decisions affect pricing strategy and logistics, but the central inventory management challenge is about determining optimal stock levels and the associated carrying costs, not where the price is set.
Option 4: 'how many books will satisfy customer demand without a high cost of inventory.' This directly targets the fundamental inventory problem: estimating the appropriate stock quantity to meet expected demand while controlling inventory carrying costs, stockouts, and unsold risk. It captures the classic trade-off central to inventory management.
Option 5: 'whether or not to display the book at the checkout counter.' Display decisions are merchandising/placement considerations affecting visibility and impulse buying, not the core inventory quantity-cost calculus.
In summary, among the choices, Option 4 uniquely centers on the balance between meeting demand and controlling inventory costs — the quintessential inventory management challenge for retailers when introducing a new book. The other options pertain to marketing, events, pricing logistics, or display decisions rather than the quantity optimization that minimizes costs while satisfying customers.

MKTG:3000 Fall25 Final Exam - Requires Respondus LockDown Browser

A famous fantasy writer has published a new novel. Bookstores expect that at least some customers will want the book, but whether it will become a best-seller is less certain. The bookstores’ primary inventory management challenge is deciding

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