In manufacturing and in retail stores, a firm can prepare for a spike or a lull in
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In manufacturing and in retail stores, a firm can prepare for a spike or a lull in demand by adjusting the amount of finished goods inventory on hand. So, before the Christmas holiday rush, Target fills their stores with toys for all ages. However, service businesses cannot prepare for variable demand in the same way. Explain how this issue affects a beauty shop, and describe how such service businesses cope with variable demand instead of by adjusting finished goods inventory.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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