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Overselling refers to a business selling more goods than it has in stock. Overselling can occur because stock data isn't always updated, resulting in inaccuracies, and because stock is manually managed, leading to significant errors. Overselling can occur in all types of businesses, including marketplaces, personal online sales businesses/online stores, retail businesses, and airlines that sell more tickets than they have seats, resulting in many passengers canceling their flights.
Overselling can be a serious problem and can be detrimental to businesses. Therefore, as business owners, we need to know how to prevent and address overselling. So, what do you think?
Overselling can be a serious problem and can be detrimental to businesses. Therefore, as business owners, we need to know how to prevent and address overselling. So, what do you think?