Match the Term with Its Definition

question 86

Multiple Choice

Match the term with its definition.
-The cost of producing or acquiring goods to be sold by a firm

• A)accrued expenses
• B)cash flow activities
• C)cost of goods sold
• D)gross profits
• E)long-term debt
• F)long-term note
• G)net profits
• H)operating profits
• I)profit margins
• J)profits before taxes (taxable income)
• K)short-term notes
• L)statement of cash flows

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Definitions:

Customer Service

Assistance and support provided by a company to those people who buy or use its products or services.

Online Business

A business that operates on the internet, utilizing websites and online platforms to sell products or services directly to customers.

Low Profit Margins

A situation where there is a small difference between the cost to produce or acquire a product and its selling price, leading to minimal profit.

Rapid Growth

A phase of business development characterized by a swift and significant increase in revenue, production, or market share.