Examlex
Match the term with its definition.
-New business ventures created "from scratch"
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.
Collections
The process of pursuing payments of debts owed by individuals or businesses, typically referring to the accounts receivable department's efforts.
Merchandise Purchases
The acquisition of goods for resale, typically in a retail or wholesale business setting.
Cost of Goods Sold
The expenses directly tied to the creation of the products sold by a business.
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