Identify the Following Term(s)

question 24

Short Answer

Identify the following term(s).
-demographic transition

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Definitions:

Net Sales

Total revenue from sales less returns, allowances, and discounts.

Sales Discounts

A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.

Sales Returns

Transactions where a buyer returns previously purchased merchandise back to the seller, leading to a refund or credit.

Gross Sales

The total of all sales transactions before any deductions for returns, allowances, or discounts.