Velocity
Velocity is a measure of how quickly an object moves in a particular direction. It is a vector quantity that includes both speed and direction. The formula for calculating velocity is: velocity = displacement / time. For example, if a car travels 100 miles in 2 hours, its velocity would be 50 miles per hour (mph) east.
Inventory
Inventory refers to the goods and materials that a business holds for the purpose of resale or production. It includes raw materials, work-in-progress, and finished goods. Proper inventory management is crucial for businesses to meet customer demand and minimize costs. For example, a retail store needs to keep track of its inventory to ensure it has enough products to meet customer needs while avoiding overstocking.
Examples of Velocity and Inventory
- A jet flying at 500 miles per hour (mph) west
- A warehouse holding 100 units of a product for sale
- A car moving at 60 kilometers per hour (km/h) north
Learn more about Velocity and Inventory on Wikipedia