Inventory
Inventory refers to a company’s merchandise, raw materials, and products waiting to be sold.
Inventory normally defined as the quantity of goods or materials on hand. On the Internet, a site’s inventory is the number of page views it will deliver in a given period of time and is, thus, the amount of product that can be sold to advertisers.
Webster Dictionary Meaning
1. Inventory
- An account, catalogue, or schedule, made by an executor
or administrator, of all the goods and chattels, and sometimes of the
real estate, of a deceased person; a list of the property of which a
person or estate is found to be possessed; hence, an itemized list of
goods or valuables, with their estimated worth; specifically, the
annual account of stock taken in any business.2. Inventory
- To make an inventory of; to make a list, catalogue,
or schedule of; to insert or register in an account of goods; as, a
merchant inventories his stock.More from this Section
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