Final answer:
Inventory refers to the goods being stored by a firm. It includes the products that a business has produced but has not yet sold to consumers.
Step-by-step explanation:
Inventory refers to the goods being stored by a firm. It includes the products that a business has produced but has not yet sold to consumers. These goods are typically stored in warehouses and on shelves. The amount of inventory can increase or decrease depending on the performance of the business.