Goods That a Retailer Sells to Consumers Are Classified as Inventory

question 44

True/False

Goods that a retailer sells to consumers are classified as inventory.

---

Definitions:

Diversification

A strategy of investing in a variety of assets to reduce overall risk.

Acquisition

The process of obtaining control of another company or asset through purchase or agreement.

Global Expansion

The strategic growth of a company beyond its home country, entering new markets to increase market share, diversify, and achieve economies of scale.

Growth Strategy

A strategy that involves expansion of the organization’s current operations.