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According to those pages, they want more than an average year of income for a person in that area, to buy inventory. Isn't that too much inventory to buy all at
by xenophanes 13y ago
According to those pages, they want more than an average year of income for a person in that area, to buy inventory. Isn't that too much inventory to buy all at once?
And yeah it looks like there was a shared template for both of these.
- rahimnathwani 13y agoAssume: - She has a bare minimum of inventory now, as she doesn't have capital to invest - Inventory turns are 13 (the 'average' item is on the shelf for 4 weeks) That would mean she plans her cost of sales to be 13x the average per capita income in that area. That doesn't seem unreasonable if she can get 200 customers to spend 10% of their income in her shop (assuming 50% markup).
- jccooper 13y agoWell, depends on your store, product, and supply chain. Wouldn't surprise me if you had to carry lots of inventory in Sierra Leone since your suppliers aren't exactly up to JIT.