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From a strategic point of view, what is the major disadvantage of using a periodic inventory system? Is there any disadvantage to using a perpetual

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From a strategic point of view, what is the major disadvantage of using a periodic inventory system? Is there any disadvantage to using a perpetual inventory system, other than the higher cost of setting one up? How would you know if a company is using a periodic or a perpetual inventory system (from an accounting perspective)? All answers have to relate to the information provided in the chapters but students can also add their own ideas and innovative solutions

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