Merchandise on hand and Merchandise on order
"Merchandise on hand" refers to the inventory of goods that a business currently has in stock and is available for sale. This can include both finished products as well as raw materials that are used to produce finished goods. It is also known as "on-hand inventory" or "stock on hand".
"Merchandise on order" refers to goods that have been ordered by a business from a supplier but have not yet been received. This can include both finished products and raw ___ _____ _____ ___ __________ _________ __________ ________.
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