Answer:
Sales Revenue – Cost of Goods Sold = gross profit
Explanation:
A merchandising business is one that is involved in selling goods to customers. The firm may purchase or produce the goods it sells. Merchandising firms report an expense named the cost of goods sold COGS. This cost represents the total cost of all goods sold to customers during a period.
Costs of goods sold include the direct cost associated with the merchandise. Calculation of COGS is by adding net purchases to the opening stock then subtracting ending stock. The cost of goods sold is used in calculating gross profit. Service firms do not report this cost as they do not sell goods.
Answer:
B. Reduces risk associated with imperfect information.
Explanation:
The correct answer is B. Reduces risk associated with imperfect information. The bank requires a borrower to have a cosigner or collateral when lending funds to the borrower which reduces the risk of imperfect information and acts as guarantee. Cosigner is a person who is held liable if the borrower of the loan funds is unable to pay the loan amount.
Answer:
c. production orientation
Explanation:
Production orientation approach for innovation -
It refers to the method of production , the quality of product is very important , as a good quality product is sold very easily , is referred to as production orientation approach .
The concept is used along with targeting the right area of audience , in order to produce the best products , and the targeted consumers can efficiently use them , which will increase the demand of the product , and hence , the profit of the company will increase .
Hence , from the given scenario of the question ,
The correct term is c. Production orientation approach for innovation.