Inventory refers to the goods that an organization keeps on hand, usually for the purposes of selling to customers or using them to manufacture other goods. Businesses and other entities have a number of possible reasons of maintaining an inventory. One possibility is that the items in inventory may be expected to increase in value; thus, acquiring them before they are needed and storing them until the time for their use has arrived can be a method of realizing monetary savings. Another... więcej
Salem Press Encyclopedia, 2020. 2p.