Answer:
The correct option is d.
Explanation:
Cost of goods sold: The cost of goods sold is that cost which sells the product at the cost price. It is directly related to the production level.
Example: purchase price, raw material cost, labor cost, etc.
It includes administration costs but not include research and development cost.
Neither it is found on the balance sheet, it shows on the income statement.
Nor, it records partly completed goods because it has come under work in progress.
So, the A,B, and C are incorrect statements while D is the correct statements.
Hence, the correct option is d. Cost of goods sold is the total product cost for the units sold during a period.
An entrepreneur is a person who manages and organizes a business. They also assume the risk of the business or enterprise.
<span>Distributive Justice</span>
We can use different parts of a landscape to represent different stages of its evolution this strategy is called trading location for <u>time</u>
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<h3>Definition of evolution</h3>
The term "evolution" is one that most of us first hear in a science class, although the idea has application in a variety of fields, including biology, technology, and behavior.
When we discuss business evolution, we're talking about adapting to market dynamics, client demand, and evolving technologies to assure relevance and advancement.
According to Paul Salnikow, who makes this argument, "We have seen the rise of shifts in business habits, with global travel, The emergence of the internet, and really global communication. People now view marketplaces on a regional or even global level rather than as a country or city, and in order to reach their markets, they relocate.
Learn more about evolution
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Answer:
Modified Rebuy
Explanation:
Modified rebuying is the process whereby an individual or an organization makes a purchase that have been previously purchased but this times makes changes to some elements different from the previous purchase like change of suppliers, terms, price and so on. In this case, the buyer reviews the buying situation. Here, the buyer is interested in modifying the specifications of goods previously purchased.
