What type of firm holds inventories of raw materials,components and parts,work-in-process,and finished goods?
A)a processing firm
B)a manufacturing firm
C)a service firm
D)a retail firm

Question

Quizplus · Accepted Answer

A manufacturing firm is the type of firm that holds inventories of raw materials, components and parts, work-in-process, and finished goods as they produce goods that require these materials and parts. Processing firms may hold some inventory, but not to the extent of a manufacturing firm. Service firms do not typically hold inventory, and retail firms focus more on holding finished goods.

What Type of Firm Holds Inventories of Raw Materials,components and Parts,work-In-Process,and