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Estimated inventory
A physical inventory method used to calculate the total cash value of a store's inventory. A product count is multiplied by the retail price. The estimated gross-profit margin is subtracted from that figure to get an estimate of the worth in dollars of items in a store.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Retail
- Category: Supermarkets
- Company: FMI
- Product:
- Acronym-Abbreviation:
Other Languages:
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