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The text suggests there has been little decrease, and some increase, in the percentage of Americans who
Finished Goods
Products that have completed the manufacturing process and are ready to be sold to customers.
Selling and Admin. Expense
Costs that are not directly tied to the production of goods or services but are necessary for selling products and managing the business.
Variable Expense
Costs that vary directly with the level of production or sales volume, such as raw materials and commission fees.
Finished Goods Inventory
The inventory of finished goods available for sale but still awaiting purchase by consumers.
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