The purchase of inventory,very typical with Internet firms,only after a sale is made is called:
A)microinventory.
B)periodic inventory.
C)perpetual inventory.
D)point-of-sale system.

Question

Quizplus · Accepted Answer

Microinventory refers to the practice of purchasing inventory only after a sale is made, which is common among internet firms to minimize holding costs and reduce risk.

The Purchase of Inventory,very Typical with Internet Firms,only After a Sale