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Carl Andrei Brigoli
on Oct 23, 2024

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What types of businesses usually hold significant quantities of inventory?

A) Manufacturing and wholesale
B) Wholesale and retail
C) Manufacturing, wholesale and retail
D) Retail, manufacturing and service

Significant Quantities

Items or entities in considerable amounts that are large enough to warrant attention or impact assessment.

Inventory

Inventory refers to the goods and materials that a business holds for the ultimate goal of resale or processing, including raw materials, work-in-progress, and finished goods.

Manufacturing

The process of converting raw materials or components into finished goods through the use of tools, machinery, and labor.

  • Recognize and classify various types of expenses associated with managing inventory.
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Payton SchwartzOct 25, 2024
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