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Behaviorism focused on the scientific study of objectively observable behavior.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.
Beginning Inventory
The value of a company's inventory at the start of an accounting period, carried over from the end of the previous period.
Cost Of Goods Sold
The total cost directly associated with producing or acquiring the goods sold by a company during a specific period.
Ending Inventory
The worth of merchandise available for purchase at the conclusion of a financial period.
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