kane manages a used book store he reads a report advising him to stock more encyclopedias. however the report is mistaken customers in kane's town hardly ever buy encyclopedias. what problem could this mistake cause?

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Business

Franklin Elliott

7 July, 19:15

kane manages a used book store he reads a report advising him to stock more encyclopedias. however the report is mistaken customers in kane's town hardly ever buy encyclopedias. what problem could this mistake cause?

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Aspen Phillips · Answer 1

Aspen Phillips 7 July, 19:59

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it is they will lose money

Julien Keith · Answer 2

Kane manages a used book store he reads a report advising him to stock more encyclopedias. However the report is mistaken customers in Kane's town hardly ever buy encyclopedias. what problem could this mistake cause?

As mentioned below, if the consumers do not buy the encyclopedias, then they will lose money due to purchasing items that consumers do not want. It's necessary to not only look over reports, but understand the reports to make sure that a business is not overstocking in items that consumers are not actually in demand for. Consumers will purchase items they have a demand for and based on the reports, you can understand the items they are in demand for versus the items they will not be purchasing.