Examlex

Solved

Briefly Define and Describe Five Categories of Business Goods and Services.Give

question 24

Essay

Briefly define and describe five categories of business goods and services.Give two specific examples of goods or services that fit into each category.


Definitions:

Character

In finance, part of credit analysis that evaluates a borrower's reputation or track record in repaying debts.

Economic Order Quantity

An inventory management formula that calculates the ideal order quantity a company should purchase for its inventory with the aim of minimizing costs.

Restocking Quantity

The quantity of inventory ordered to replenish stock levels to a predetermined amount.

Inventory Costs

The costs associated with storing, managing, and financing a company's inventory, including such things as warehousing and insurance.

Related Questions