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The use of technology has increased opportunities for employee creativity and empowerment.
Sales Discounts
Reductions applied to the sale price as an incentive or for early payment.
Perpetual Inventory System
The inventory system of a company that keeps a continuous (perpetual) record of inventory on hand and of the cost of goods sold.
Periodic Inventory System
An accounting method where inventory levels and cost of goods sold are determined at set intervals, typically annually.
Perpetual Inventory System
An inventory management approach where records of inventory levels are updated on a continuous basis as transactions occur.
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