Examlex
How are MRP and ERP similar? How do they differ?
Cost Of Installment Goods Sold
The cost attributed to products sold under an installment sales agreement, recognizing expenses as revenues are realized.
Inventory
Inventory refers to the goods and materials that a business holds for the ultimate purpose of resale or production.
Continuing Franchise Fees
Regular payments made by franchisees to the franchisor for ongoing support and the right to continue operating under the franchisor's brand and system.
Franchise Agreement
A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for running a franchised business.
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