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In a modular organization, various functions are coordinated as much by market mechanisms as by managers and formal lines of authority.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including both material and labor costs.
Inventory
The total amount of goods and materials held by a business for the purpose of resale, manufacturing, or repair.
Purchases Discount
A reduction in the price of goods that a buyer can avail of for making early payments to the supplier.
Yearly Savings Rate
The percentage of an individual's or household's income that is saved rather than spent over the course of a year.
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