Exports Are

question 214

Multiple Choice

Exports are

• A) services that are created in Canada and sold abroad.
• B) goods and services that are made or grown abroad and sold in Canada.
• C) products that are made or grown in Canada and sold abroad; services cannot be exported.
• D) goods and services that are made or grown in Canada and sold abroad.
• E) products that are made or grown abroad and sold in Canada; services cannot be exported.

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Definitions:

Inventory Turnover Ratio

A measure of how many times a company sells and replaces its inventory over a certain period, indicating efficiency in managing stock levels.

Cost Of Goods Sold

The direct expenses tied to the production of goods sold by a company, including material and labor costs.

Average Inventory

The mean value of inventory held over a specific period, calculated to help businesses understand inventory levels and manage stock more efficiently.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.