Which of the Following Items Is Included in U

question 62

Multiple Choice

Which of the following items is included in U.S.GDP?

• A)goods produced by foreign citizens working in the United States
• B)the difference in the price of the sale of an existing home and its original purchase price
• C)known illegal activities
• D)None of the above is included in U.S.GDP.

Understand the role of technology in facilitating global marketing strategies.

Recognize the significance of consumer confidence in the economy and its effect on spending behavior.

Identify the major external factors that influence the marketing environment of a firm.

Differentiate between direct and alternate competition in the marketplace.

---

Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the sum of beginning inventory plus purchases minus cost of goods sold.

Raw Materials Production Needs

The essentials and quantities of raw materials required to fulfill the production schedule for goods.

Raw Material Purchases

The total cost of materials bought that are intended to be used in the production of goods.

Cost of Goods Sold

The immediate expenses linked to the manufacturing of products that a company sells.