Amazon's Original Concept of Operating Without Inventory Has Given Way

question 57

Short Answer

Amazon's original concept of operating without inventory has given way to a model in which Amazon is a world-class leader in ________.

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Definitions:

Ending Inventories

The value or quantity of goods available for sale or use at the end of an accounting period.

Accounts Payable

Liabilities representing amounts owed to creditors for goods and services the company has received but not yet paid for.

Raw Materials Purchases

is the total cost of raw materials bought for production during a given period.

Direct Materials Purchase Budget

A financial plan that estimates the cost and quantity of raw materials required for production in a specific period.