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Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798 Exercise 22
THE HOUSE OF WINE (REVISITED)
Please refer back to Case 9. The focus now shifts to inventory management. The proprietors have a somewhat limited start-up budget for inventory and working capital. It is very important for them to buy the right quantity of the right products (part of asset management).
Inventory may be purchased with cash, through short-term loans from a bank (notes payable/line of credit), or through a credit arrangement with suppliers (accounts payable). There are also a variety of shipping and receiving programs and systems available.
Use the information from this case, Case 9, and your classroom discussions to create a detailed inventory management program for the proprietors.
Please refer back to Case 9. The focus now shifts to inventory management. The proprietors have a somewhat limited start-up budget for inventory and working capital. It is very important for them to buy the right quantity of the right products (part of asset management).
Inventory may be purchased with cash, through short-term loans from a bank (notes payable/line of credit), or through a credit arrangement with suppliers (accounts payable). There are also a variety of shipping and receiving programs and systems available.
Use the information from this case, Case 9, and your classroom discussions to create a detailed inventory management program for the proprietors.
Explanation
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Inventory management is the process of o...
Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
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