The purchase of inventory-typical with Internet-based businesses-only after a sale is made is called a _____.
A) periodic inventory
B) micro inventory
C) perpetual inventory
D) point-of-sale system

Question

Quizplus · Accepted Answer

This business model is known as "micro inventory," where the company does not hold stock in advance but purchases inventory as needed after a sale is made, minimizing inventory costs and risks.

The Purchase of Inventory-Typical with Internet-Based Businesses-Only After a Sale