DEMOGRAPHICS Definition

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DEMOGRAPHICS are the attributes such as income, age, and occupation that best describe your target market.

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INVENTORY VALUATION is the process of assigning a financial value to on-hand inventory, based on standard cost, first-in, first-out (FIFO), last-in, first-out (LIFO), average list price or other method. The method used is determined by a requirement to meet legal or other standards specified by a third party, or by an operational measure found to be useful in analyzing inventory positions.

CUSTOMS are the authorities charged with collecting duty and controlling the entry of merchandise into a country.

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