Inventory is the most important asset in a service business.

Name: Inventory is the most important asset in a service business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventory refers to the stock of products or materials that a business has on hand. In a service business, the most important assets are typically intangible, such as knowledge, expertise, and reputation. While some service businesses may have physical assets like equipment, inventory is not as crucial as it would be for a retail or manufacturing business.

Inventory Is the Most Important Asset in a Service Business