Preparation for the Actual Sales Presentation Is a Two-Part Process

question 25

Short Answer

Preparation for the actual sales presentation is a two-part process. Part one is referred to as the ________,and part two is called the ________.

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Definitions:

LIFO

An accounting methodology where the most recently produced or acquired inventory items are recorded as sold first.

Physical Flow

The movement and management of materials and products from procurement through production and delivery to customers.

Inventory

The goods and materials that a business holds for the ultimate goal of resale, representing one of the most important assets for companies dealing with physical products.