Question

Products purchased by the salon owner for use during client services and for retailing are known as stock in quantity or:

Select one:
a. inventory
b. turns
c. overhead
d. commissions

Answer 1

The correct term for products purchased by the salon owner for use during client services and for retailing is inventory. Inventory consists of items intended for resale or use in services provided by the business. Option a.

Step-by-step explanation:

The products purchased by the salon owner for use during client services and for retail purposes are referred to as inventory. Inventory, in a business context, refers to all goods and materials that a business holds for the ultimate goal of resale or providing services.

In this case, salon inventory might include hair care products, beauty supplies, and other items used during client services or sold directly to customers.

Notably, inventory levels fluctuate based on business activities; they typically decrease when sales are higher than expected and increase when sales fall short of expectations. Option a.