The Three Basic Types of Inventory Are All of the Following

question 76

Multiple Choice

The three basic types of inventory are all of the following EXCEPT

• A) finished goods
• B) capital goods
• C) work-in-process
• D) raw materials

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Definitions:

Demand Elasticity

Demand Elasticity measures how sensitive the quantity demanded of a good or service is to a change in its price, income levels, or other factors.

Learning Organisations

Continuously change and improve using the lessons of experience.

Information Technology

The use of computers, software, networks, and other digital devices to store, process, and exchange data.