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The conventional retail inventory method is based on
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The conventional retail inventory method is based on

User Miquelvir
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the relationship between a product's cost and its retail price

User Yehan
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Answer:

the relationship between a product's cost and its retail price. This method is used by businesses to get an idea of the cost of goods they have on-hand at the end of a particular reporting period.

Step-by-step explanation:

User Deepak Joshi
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