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A clothing store is experiencing a problem with low customer satisfaction. The store manager has asked a team of employees to work together to come up with a possible solution to the problem. Describe the steps the team should take to ensure that they make a good decision, and what behaviors they should avoid.
Balance Sheets
Financial statements that summarize a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.
Service Company
A company that provides services to customers as its primary business operations, rather than selling tangible goods.
Inventory
Materials and products that a company holds for the ultimate goal of resale or utilization in production.
Perpetual Inventory System
An inventory management system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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