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What are the characteristics of time-based compensation systems?
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of the company in selling its products.
Cost of Goods Available for Sale
The total cost of merchandise or inventory that a business has available to sell to customers during a certain period, including both beginning inventory and purchases made during the period.
Units of Inventory
The quantity of individual items or products that a company has available for sale or use at any given time.
Recent Purchases
Items or services bought by a company or individual in the near past.
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