. Complete the following statements with one of the terms listed below. A term may be...
. Complete the following statements with one of the terms listed
below. A term may be used once, more than once, or not at all.
• Finished goods inventory
• Manufacturing organisations
• Merchandising companies
• Unfinished goods
• Service organisations
(a) All ------------- typically have a single category of inventory.
(b) -------------- do not have tangible products purchased for resale.
(c) -------------- resell ready-made products.
(d) The inventory of a manufacturer includes raw material, ---------
and ----------.
(e) -------------- use their plant, machinery and labour to convert raw
material into finished goods.
Homework Answers
a) Merchandising companies
b) Service organisations
c) Merchandising companies
d) finished goods inventory and unfinished goods
e) manufacturing organisations
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