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    Why is inventory necessary?

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    Why is inventory necessary?

    What risk is incurred with inventory?

    Why is it important to turn the inventory as soon as possible?

    How could a company improve its inventory turns?

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    Solution Preview

    (1) All the goods that a company produces and/or sells need to be stored somehow (before they are actually delivered to the consumers). In order to sell to customers, company needs to have the goods handy. That stock of goods for sale is called inventory.

    (2) As we said inventory means goods produced or ...

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