Examlex
What uses GPS tracking to track vehicles?
Net Markdowns
The total reduction in selling price of inventory, subtracting markdown reversals, to adjust for decrease in market value or to stimulate sales.
Employee Discounts
Reduced prices offered to employees by their employer as a part of their employment benefits or incentives.
Periodic Inventory System
An inventory accounting system where updates to inventory records are made on a periodic basis, not continuously.
Physical Inventory
A process of counting and verifying the actual inventory on hand at a business location, typically performed at the end of an accounting period.
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