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Match Each Term with the Correct Statement Below

question 15

Multiple Choice

Match each term with the correct statement below.
-Use when you need to add components into a grid of rows and columns; each component is the same size


Definitions:

Merchandising Company

A business that purchases finished goods for resale, making a profit on the difference between the buying and selling prices.

Service Company

A business that provides intangible products (services) to consumers, as opposed to selling physical goods.

Inventory Shrinkage

The loss of products between purchase and sale due to theft, damage, or errors, resulting in lower inventory levels than recorded.

Managers

Individuals responsible for controlling or administering all or part of a company or similar organization.

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