2.What is the importance of the industrial transaction cycle?
There´re more than one transaction cycle in any industry. The industry needs inputs to make items. This inputs are usually placed in a warehouse after being bought though not yet paid. This amount of inputs are calculated to minimize costs.
The second cycle deals with finished goods delivered to customers. We need to calculate the number of items produced to maximize sales and minimize costs. If we don´t sell the items at a rate we shall lose money in terms of r/i.
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