The Technological Segment Represents the Impact of New Products, Processes

question 47

True/False

The technological segment represents the impact of new products, processes and materials, but it does not include the institutions and activities involved with creating knowledge.

---

Definitions:

Discount Period

The time period that a buyer has to take advantage of trade discounts offered by a seller for early payment of invoices.

Freight Costs

Expenses incurred by a company to transport goods from one location to another, often included in the cost of sales or inventory.

Selling Expense

Costs incurred directly in the sale of a product or service, including advertising, sales commissions, and store upkeep.

Merchandise Sold

The total goods that have been sold by a company, typically within a specific period, contributing to its revenue.