In the context of inventories, which of the following is a similarity between a manufacturing firm and a retail firm?
A) Both hold inventories of finished goods.
B) Both typically hold inventories of work in process.
C) Both typically hold inventories of raw materials.
D) Both hold small inventories, thereby reducing the risk of stock-outs.

Question

Quizplus · Accepted Answer

Both manufacturing and retail firms hold inventories of finished goods to meet customer demand.

In the Context of Inventories, Which of the Following Is