Sales and Cost Analyses Are Important Tools for a Sales

question 65

True/False

Sales and cost analyses are important tools for a sales manager because they measure the results achieved and the costs of producing those results.

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Definitions:

Accounting Period

The specific time period covered by financial statements, often a fiscal year or quarter, within which all financial transactions are recorded and reported.

Investments

Assets or items purchased with the expectation that they will generate income or appreciate in value over time.

Withdraw

The act of taking money out of a business by an owner for personal use or removing oneself from a business arrangement or partnership.

Revenue

Sum total of revenues earned from transactions involving goods or services that are fundamental to a company's main line of business.