Classification of Goods and Services in the Business Market Is

question 78

Multiple Choice

Classification of goods and services in the business market is broken down into:

• A)Market goods, Foundation goods, Facilitating goods
• B)Entering goods, Foundation goods, Export goods
• C)Entering goods, Business goods, Resale goods
• D)Entering goods, Foundation goods, Facilitating goods
• E)Market goods, Business goods, Facilitating goods

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Definitions:

Service Departments

Units within an organization that provide support to the profit-making departments, rather than directly contributing to profits.

Profit Margin

represents the percentage of revenue that remains as profit after all operating expenses, taxes, and costs have been deducted from total sales.

Investment Turnover

A ratio that measures how effectively a company generates sales or revenue from its investment in assets.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment relative to its cost.