For retail and wholesale businesses, the most important inventory is:
A) merchandise available for sale.
B) raw materials.
C) work- in- process.
D) inventory held on consignment.

Question

Quizplus · Accepted Answer

For retail and wholesale businesses, the most important inventory is merchandise available for sale, as their primary business activity involves buying finished goods and selling them to end consumers or other businesses. Raw materials and work-in-process are more relevant to manufacturing businesses, and inventory held on consignment is not owned by the business.

For Retail and Wholesale Businesses, the Most Important Inventory Is