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About what they say they do to minimize risk

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Reference no: EM133150889

Inventory is a critical asset for retailers. Retail firms are at risk that their inventory will become obsolete.

What does obsolete mean?

Talk with a local retailer in your area and tell us about what they say they do to minimize this risk?

Describe how they should account for the loss from that obsolescence.

Reference no: EM133150889

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