Match the Terms with the Descriptions Provided

question 108

Multiple Choice

Match the terms with the descriptions provided.
-Transportation costs paid by the buyer.

• A)Average days to sell inventory
• B)Gross margin
• C)Gross profit ratio
• D)Inventory turnover ratio
• E)Freight-in
• F)Freight-out

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Definitions:

Merchandise Needs

The requirements for goods and products a business needs to buy for resale or for operational purposes.

Vendor

A person or business that provides products or services to another party, often as part of a supply chain.

Sales Prices

The set amount of money that a product or service is offered for sale to customers.