Which of the Following Items Is Not Needed to Prepare

question 53

Multiple Choice

Which of the following items is not needed to prepare an inventory purchases budget for a merchandising business?

• A) Expected unit selling price
• B) Beginning inventory
• C) Expected unit sales
• D) Desired ending inventory

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Definitions:

Competitors

Entities that offer similar products or services in the same market and compete for the same customer base.

Supply Chain Management

Encompasses the processes and activities involved in producing and delivering a product or service from suppliers to customers, including sourcing, manufacturing, logistics, and customer service.

Strategic Management

Strategic management is the process of formulating and implementing strategies.

Organisation's Resources

Various assets, including human, financial, physical, and informational, that an organization utilizes to function and achieve its objectives.