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Chapter 4: Q9PE. (page 585)

This is the total amount required for a particular item

Short Answer

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Gross requirements.

Step by step solution

01

Step-1 Gross requirement

The gross requirement is the process of getting the overall amount of goods and services required to reach consumer needs.

02

Why gross requirement is the total amount required for a particular item?

The gross requirement isthe whole quantity necessary for a certain item in the inventories and can be easily calculated by the organization.

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