What Does "Inventory" Really Mean?
By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
We, as Realtors, sometimes fall into using jargon, lingo, verbiage, etc. that is relevant to us as professionals, but is not truly relevant to our customers, who are the consumers. One of those words is "Inventory". Inventory often refers to how much of a certain product a store has to sell, for example. For Home Depot, their inventory of a certain product, like glass tile backsplashes, needs to be at a certain level for a number of reasons: Customer demand drives how much inventory a store stocks. Low customer demand (think lawnmowers in winter) means low to zero inventory. High customer demand (HD TV's right now) means high inventory at varied price points must be available in the store to bring the customer to the store. Inventory is based on supply and demand, which goes back to...
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