Which Statement Relating to Inventory Is Not Correct

question 9

Multiple Choice

Which statement relating to inventory is not correct?

• A) It is a very active asset, continually being acquired, sold and replaced.
• B) It is classified as a non-current asset in the balance sheet.
• C) Another name for inventory is stock-in-trade.
• D) It makes up a significant portion of a retailer's assets.

Understand the strategic marketing process, including planning, implementation, and goal setting.

Learn about market-product grids and the importance of targeting and positioning in marketing.

Understand the strategic marketing process and its key components, including SWOT analysis, market-product focus, goal setting, and marketing program development.

Apply concepts of marketing metrics, including calculating ratios and understanding the importance of marketing return on investment (ROI) and incremental sales analysis.

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Definitions:

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, often measured as an indicator of cardiovascular health.

Arteriosclerosis

A condition characterized by the thickening, hardening, and loss of elasticity of the walls of arteries.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to various parts of the body.

Elasticity

The ability of an object or material to resume its normal shape after being stretched or compressed, often referring to skin or other tissues in the human body.