Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
-_____ Companies that produce the inventories they sell,rather than buying them from suppliers in finished form.

Question

Quizplus · Accepted Answer

Manufacturing companies produce the inventories they sell from raw materials, whereas merchandising companies buy finished goods from suppliers to sell to consumers. Work-in-process inventory refers to partially completed products that are in the process of being manufactured, and finished goods refer to products that are ready to be sold to consumers. Raw materials are the materials needed to produce the finished product.

Listed Below Are Five Terms Followed by a List of Phrases