Answer:
COGS= $67,200
Explanation:
Giving the following information:
Your campus computer store reported:
Sales Revenue of $168,000.
The company's gross profit percentage was 60%.
Gross profit= sales revenue - cost of goods sold
sales= 168,000
COGS=?
gross profit= 168,000*0.6= 100,800
COGS= 168,000 - 100,800= $67,200
Answer:
Explanation:
At the most basic level, economics attempts to explain how and why we make the purchasing choices we do. Four key economic concepts–scarcity, supply and demand, costs and benefits, and incentives–can help explain many decisions that humans make.Feb 16, 2020
Answer:
is a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfy consumers' needs and is received in exchange for money or something else of value.
Explanation:
The most acceptable and correct definition of a product is that: A product is a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfy consumers' needs and is received in exchange for money or something else of value.
It is not absolutely correct to say that a product: is the cluster of benefits that an organization promises customers to satisfy their needs, because this is a more suited definition for Customer value proposition