Refer to R

question 10

Multiple Choice

Refer to R.H.Kurt.When Kurt combines products from 41 different manufacturers into a collection that retail buyers want available at one place,it is engaging in:

• A) a transactional function
• B) creating an assortment
• C) a facilitating function
• D) integrating its promotional functions
• E) compressed distribution

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Definitions:

Inventory Error

Mistakes in counting or valuing inventory that can result in incorrect financial statements.

Discrepancy

A difference or inconsistency found when comparing two or more items, figures, or documents.

Net Realizable Value

The estimated selling price in the ordinary course of business minus any costs necessary to make the sale.

Major Inventory

Major Inventory refers to the significant stock of goods a company holds for the purpose of sale or production in its normal business operations.