What is Inventory? | Definition, Types & Examples of Inventory
Reading Time: 4 minutesDefinitionThe definition of inventory changes slightly depending on the industry. Here’s a small list of definitions:Most common definitionInventory refers to all the items, goods, merchandise, and materials held by a businessfor selling in the market to earn a profit.Example: If a newspaper vendor uses a vehicle to deliver newspapers to the customers, only the newspaper will be considered inventory. The vehicle will be treatedas an asset.Manufacturing industryIn a manufacturing business... Читать дальше...