The Major Goal of the Industrial Programs in the Five

question 28

Multiple Choice

The major goal of the industrial programs in the Five Year Plans was

• A) increased production of heavy industry.
• B) impressing Western countries.
• C) creating higher quality products.
• D) concentrating on consumer goods.
• E) higher worker wages.

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Definitions:

Restocking Costs

Expenses associated with replenishing inventory or stock levels in a business.

Carrying Inventory

The process of holding stock or goods in storage or in transit, with associated costs.

Terms of Sale

The conditions under which a seller will complete a sale, typically specifying the time and method of payment and when the buyer takes possession of the goods.

Credit Period

The duration of time a buyer is given by a seller to pay for a purchase.