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4 years ago

Why is the cost of goods sold account part of a trading business only?

Business

1 answer:

Lisa [10]4 years ago

5 0

Answer:

Yes costs of goods sold is peculiar to those businesses dealing in tangible items

Explanation:

For a service company there is no costs of goods sold because no goods were purchased for resale.The major costs found in the cost structure of a service outfit is manpower costs,since people with requisite knowledge form the main reason for business existence

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A strength of generation x managers is likely to be their multiple choice loyalty to the firm. individualistic approach to probl

lianna [129]

The strength of GENx managers may be their capacity to give feedback to workers. Maslow thought that the desire to meet unfulfilled wants served as the foundation for motivation.

<h3>What characterizes a competent manager?</h3>

In addition to leading teams and fostering their growth, excellent managers are also able to fully control their company's operations and performance. These are the individuals who consistently adapt to new circumstances, inspire others to realize their greatest potential, and produce their finest work.

Employee morale is raised and motivation for the job is increased thanks to feedback. It is an inherent attribute of a manager to be able to receive feedback from his staff.

Therefore, choice 3 is the appropriate response to the statement.

Learn more about Gen X managers:

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3 0

2 years ago

Which diversification strategy is based on the idea that the company creates value by applying the distinctive competencies it d

Murljashka [212]

Answer:

Related diversification

Explanation:

Related diversification

As the name indicate related diversification is related to expansion of business in the same field to which it is currently working. This can be explained by one example. If any corporation are in a business of making computer parts and the very same corporation expand their business by making related articles like calculator, smart watch etc. These all are come in the related diversification.

4 0

3 years ago

Rolex is a prestigious brand of watch that is sold as a luxury product. It has a reputation based on quality and attention to de

blagie [28]

Answer:

Stimulus generalization

Explanation:

Stimulus generalization is a marketing technique used whereby a particular brand in this case Rolex, uses the same or similar packaging design for all or most of their product in the aim of extending goodwill to all their products. It is the tendency to respond to stimuli that are similar to the original stimulus. Companies used this technique because slight differences in product are not apparent to individuals, so individuals tend to carry the goodwill from previous product to another product on the same brand.

6 0

3 years ago

Your furniture-making company has a policy of increasing prices 3% per year to keep up with inflation. Last year your luxury cha

NikAS [45]

Answer:

They should be priced $540.75 at this year.

Explanation:

Given that,

Furniture-making company has a policy of increasing prices 3%.

Last year, luxury chairs were priced at $525.

The price of the chair increase= 3% of $525

$=\$(\frac{3}{100}\times 525)$

=$15.75

The price of the luxury chair is=$(525+15.75)

=$540.75

They should be priced $540.75 at this year.

6 0

3 years ago

ESS is helpful for- Options Top Management Middle management Operational management None of above

Fittoniya [83]

ESS is helpful for TOP MANAGEMENT.

ESS stands for Executive Support System. Like its name implies, it is a support system for executives or top management.

Top management is comprised of Board of Directors, Presidents, Vice-President, Chief Executive Officers, General Managers, and Senior Managers.

ESS provides the top management pertinent data that will help them in their decision making process.

8 0

3 years ago