Which of the following phases are included in the sales life cycle? 
Definitions:
Finished Goods Inventory
Products that are completed and ready for sale but have not yet been sold to customers.
Required Production
The amount of product that must be produced in a specified period to meet customer demand and inventory policy.
Cash Collections
The process of gathering and accounting for all cash received by a business during a specific period of time.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor costs.
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