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What does the word 'inventory' mean and why is it important to a business?
Wiki User
∙ 11y ago
Inventory is the total collection of stock that a business has at a given time. Different businesses have different kinds of stock, depending upon what they sell or do. Shoe stores stock shoes, grocery stores stock groceries, car washes stock detergent, and so forth. Inventory is important because if you don't have enough you cannot meet the needs of your customers, and if you have too much, then you have invested excess money in your inventory, which is inefficient and also results in higher storage costs and higher inventory taxes. So you need to have the right amount of inventory.
Wiki User
∙ 11y ago
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How do you abbreviate the word inventory?
MDSE
What is collection of goods called?
An inventory would be a good word to describe a collection of goods.
What is the definition of the word entrepreneur?
Entrepreneur means a person who is going to establish his own business. He is the incharge of all his business requirements.
Can you give 5 examples of the word 'business' in a sentence?
"Business as usual," replied the store owner when asked about business. "None of your business," whispered Jane. The amount of small businesses has declined, inquired Sam. Can I start my own business? Though Timothy. Our business is the best in town.
How can we say for having business in many countries with one word?
multinational
What is the word inventory in Japanese?
inventory in japanese
What is the meaning of the word 'inventory'?
Storage. Or it could mean your "Stuff""Objects" Those 3 are supposed to be the meanings
How do you spell inventory?
That is the correct spelling of the word "inventory" (stock of merchandise).
What is another word for computerised inventory?
computerised inventory
Use a sentence with the word inventory?
The auditors are checking our inventory.
A synonym for inventory?
Stockpile and reserve are synonyms for the word inventory.
What is a good sentence for the word important?
My father has import, export business in Canada
What does the Chinese word shenyi mean in English?
business
What is the opposite of the word brain?
I think that it is not important and plus none of your business
A antonym for inventory?
The word inventory does not have any true antonyms. Synonyms include backlog and reserve. The opposite of inventory would simply be a lack of inventory.
How do you abbreviate the word inventory?
MDSE
What does the word bigshot mean?
I means important.
