Raw Materials,work in Process and Finished Goods Are the Three

question 216

Multiple Choice

Raw materials,work in process and finished goods are the three types of inventory held by which of the following types of companies?

• A)Manufacturers
• B)Retailers
• C)Wholesalers
• D)Service companies

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Definitions:

Behavioral

Pertaining to actions or reactions of individuals or groups in response to stimuli or situations.

Environmental Scanning

The process of systematically gathering, analyzing, and integrating information about external trends and developments that could impact an organization's strategy.

Marketplace Trends

Predominant shifts or movements observed within a market or industry, influencing consumer behavior and business strategies.

Technological Environmental Force

External factors related to advancements in technology that can affect the operations and competitiveness of businesses within an industry.