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Marat540 [252]
3 years ago
5

Is ikea product based or service based please explain.

Business
1 answer:
nignag [31]3 years ago
3 0

Ikea is a product based company because they sell products such as tables, chairs, lamps, and any other sort of furniture. It can not be called service based because they provide products, not  service. A service is when someone does something for you and you pay for it. Services are like getting your hair cut, staying at a hotel, or eating at a cafe, but these things are not products. Therefore, Ikea is a product based company.

Hope this helps!

~Brooke

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Profit after Tax (65%) = addition to retained earnings+dividend paid

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Profit before Tax = [100/65] * $ 696

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Cost of Sales= $24,646 -$6355.76

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