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in a retail business the stock held in reserve is called a) raw materials. b) inventory. c) capital. d) profits.

Question

In a retail business the stock held in reserve is called A) raw materials. B) inventory. C) capital. D) profits.

Solution

Verificación de expertos
4.7 (341 Votos)
Joaquín Mestre · Tutor por 5 anos

Resposta

The correct answer is B) inventory. In a retail business, the stock held in reserve is referred to as inventory. Inventory includes the goods and products that a company has in stock to meet customer demand. It can include raw materials, work-in-progress, and finished products. Inventory is an important aspect of a retail business as it helps ensure that there is enough stock to meet customer demand while also managing costs associated with holding inventory.