In which of the following is an item deducted from inventory as it is dispensed, and in many situations, automatically reordered?
Point-of-sale
Just-in-time ordering
Purchase ordering
Perpetual inventory
Point-of-sale
Rationale: In a point-of-sale system, an item is deducted from inventory as it is dispensed, and in many situations, automatically reordered. This type of system may also be referred to as "point-of-purchase".
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Fill in the blank(s) with the appropriate word(s).
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What will be an ideal response?