Examlex
Which is NOT functional assessment method?
Retail Method
An inventory valuation method used by retailers that estimates inventory value by applying a cost to retail price ratio.
Estimated Cost
An approximation of the cost for goods or services, projected based on current information and past experience.
Retail Method
A pricing strategy used to estimate the value of a store's merchandise by considering the initial cost of inventory and its markup to retail price.
Cost To Retail Price
A pricing strategy where the selling price of an item is determined by adding a margin to its cost.
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