When We Have a Situation Where We Do Not Have

question 1

Multiple Choice

When we have a situation where we do not have much experience with a brand, we seek people

• A) who are brand ambassadors.
• B) who are smart.
• C) who we are related to.
• D) who we trust.

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Definitions:

Operating Expenses

Expenses incurred from the normal operations of a business, excluding the cost of goods sold, such as rent, salaries, and utilities.

Sales Revenue

The income received by a company from its sales of goods or services before any costs or expenses are deducted.

Gross Profit Percentage

A financial metric that shows the portion of sales revenue that exceeds the cost of goods sold, expressed as a percentage.

Net Sales

The net income from sales a business secures, after subtracting the expenses for returned products, allowances for damaged or missing merchandise, and any granted discounts.