What Type of Product Serves as the Basis of the National

question 161

Short Answer

What type of product serves as the basis of the national economies of New Zealand and Australia?

---

Definitions:

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it to customers, and collect the cash from sales.

Merchandiser

An individual or company involved in the wholesale purchase and retail sale of goods for profit.

Sales Revenue

The money made from offering goods or services for sale over a specified duration.

Sales Discounts

Sales discounts are reductions in price offered by sellers to encourage buyers to make a purchase, often recorded as a deduction from gross sales.