Examlex
List the five steps in the typical buying process.
Inventory System
A process or software used for tracking goods and materials held by a business, managing stock levels, orders, sales, and deliveries.
Productivity
The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Small Business Owner
An individual who owns and operates a small business, typically taking on considerable financial risks in the hope of profit.
Holding Costs
The expenses associated with storing inventory, including warehousing, insurance, and depreciation.
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