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In addition to liberalization,Arab executives have shown an interest in asking their respective governments to join the World Trade Organization and in protecting the environment.
Merchandise Inventory
Goods that a retailer or wholesaler purchases to sell to customers, held as an asset on the balance sheet.
Work in Process
Refers to partially finished goods that are still in the production process at the end of an accounting period.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, often used in calculating the cost of inventory or the average cost of capital.
Unit Cost
The cost incurred to produce, purchase, or acquire a single unit of a product or service.
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