What term refers to goods held for resale at a profit?

The term that refers to goods held for resale at a profit is "Inventory." Inventory includes all items that a business holds with the intention of selling them to customers. These goods are a crucial part of retail and manufacturing operations, as they represent the potential revenue a business can generate when the products are sold.

Inventory can include raw materials, work-in-progress products, and finished goods, all of which are essential for maintaining operational flow and ensuring that customer demands are met. This definition aligns perfectly with the concept of goods that a company purchases or produces for the purpose of selling them at a markup to earn a profit.

The other terms do not apply in this context: "Assets" are broader financial resources owned by a company, which can include inventory but also encompass other types of resources; "Depreciation" refers to the allocation of the cost of tangible assets over their useful lives, rather than goods held for resale; and "Liabilities" represent obligations or debts that a company owes to others, not inventory or goods held for sale. Therefore, "Inventory" is the most accurate term related to goods held for resale at a profit.