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