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Inventory
Unsold goods, or elements of unsold goods.
Implications
The goods and materials that a business holds for the purpose of resale, production, or usage in its operations, often managed to balance supply with demand, optimize cash flow, and minimize holding costs.
Example
Example: A retail store carefully manages its inventory to ensure that popular items are always in stock while minimizing excess stock that could lead to markdowns or obsolescence.
Related Terms
Different from raw materials or finished goods, inventory encompasses all items that are held for eventual sale or use in production, including goods in various stages of completion.
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