The GDP is measure that includes in it all of the final goods that have been produced in a particular economy, in a particular time frame, most commonly one year. This includes the investments, cost in infrastructure, additions to private inventories, all of the public and private consumption, government outlays, as well as the foreign trade balance. The GDP can be a good indicator about an economy, but it can also be misleading. It is a measure that is also often used to describe the economic power and the living standard of the countries, but that is not a good idea as the GDP is not a good indicator for it and gives wrong perception more often than not.
Nike is the world's largest company in the footwear market and has the biggest market share in the USA.
Explanation:
Nike has a mammoth share of 29% in the global market and has even greater of a monopoly in the USA for footwear markets.
This monopoly comes at the expense of its competitors like Adidas that are relegated to the global second in almost all spots by the Nike market share.
Nike has been worn more throughout history and its smart brand tactics have kept the market in the USA as alive as it was before and with constant demand for the shoes of all ranges.
Answer:
The cost of goods sold for the year is $134,300
Explanation:
The cost of goods sold for the year = Beginning inventory + Merchandise Purchased - Ending inventory
Tuity Fruity Beverage Company's purchases $140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.
Therefore:
The cost of goods sold for the year = $12,600 + $140,700 - $19,000 = $134,300
