Goods held for sale by a retailer in the normal course of business are known as:

Question

Quizplus · Accepted Answer

Stock, inventory, and stock-in-trade are all commonly used terms to describe goods that are held for sale by a retailer in the normal course of business. Merchandise and inventory are also related terms, but may not be as commonly used in this context. Raw materials and work-in-process are not typically used to describe goods held for sale by a retailer.

Goods Held for Sale by a Retailer in the Normal