Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

major differences between service companies and retail or manufacturing companies is that retailers and manufacturers must account for

Sagot :

OlanmaE

The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;

  • Inventory and Cost of Goods

Inventory refers to the goods in stock which the business wishes to sell in order to make a profit from.

Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.

The same is not applicable to service companies because they do not have physical goods to sell.

Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.

Learn more here:

https://brainly.com/question/15015056

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.