UNIT-CONTROL SYSTEM Definition

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UNIT-CONTROL SYSTEM is an accounting system used in inventory management that tracks inventory using bin tickets and physical inventory checks.

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NET TANGIBLE ASSET VALUE is the value of the business enterprise's tangible assets (excluding excess assets and non-operating assets) minus the value of its liabilities.

DUMPING is the selling of merchandise in a foreign country at, or, below cost in order to seize market share.

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