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run by different people and involve managers, investors, creditors, and customers among other parties. It is crucial for all these groups of people to have an informed knowledge about some of the aspects of the business. Being aware of the company and how it works is also very important. For instance, knowing that one can return merchandise if it does not work and get refunded accordingly could be quite helpful for customers. A new business person looking to venture into merchandising must know how to create inventories, how to determine net profits and sales, to properly run a merchandising business. Surname PAGE * MERGEFORMAT...