Asked by Flaviano Maurice on May 25, 2024
Verified
As the dollar value of a product decreases, its inventory value decreases.
Dollar Value
The monetary worth or price of a good, service, or financial instrument, often influenced by factors like demand, supply, and market conditions.
Inventory Value
The total cost or market price of all the goods and materials held by a company at a given time.
- Comprehend the fundamentals of inventory control and its financial impacts.
Verified Answer
DS
Destinee S RobinsonMay 25, 2024
Final Answer :
True
Explanation :
As the dollar value of a product decreases, the cost of the product to the company also decreases, which ultimately leads to a decrease in its inventory value.
Learning Objectives
- Comprehend the fundamentals of inventory control and its financial impacts.
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