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Hector ordered a model fighter jet at a discounted price of $22 from a hobby catalog.However,he was charged extra $10 as shipping charges which was not mentioned anywhere on the catalog.He decided never to buy anything from that catalog again.Due to a _____,the catalog retailer lost a customer.
Net Realizable Value
The estimated selling price of goods, minus the cost of their sale or disposal, representing what a company can expect to receive.
Replacement Cost
The current cost of replacing an asset with a new one of similar kind and quality.
LIFO
Last-In, First-Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.
Inventory Liquidations
The process of converting a company's inventory into cash, typically at a discount, often used to meet short-term financial needs.
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