_________________________ Members Often Have Diverse Educational Levels, Technical Skills, and Cultural

question 11

Short Answer

_________________________ members often have diverse educational levels, technical skills, and cultural backgrounds.

---

Definitions:

Gross Profit

The income left over for a company once it has covered the costs involved in manufacturing and selling its products, or in offering its services.

Merchandise Sold

Products or goods that have been sold to customers, typically referring to transactions within the retail or wholesale sector.

Cost of Goods Sold

Directly incurred costs associated with the production of a company’s goods for sale, comprising material and labor expenses.

FOB Shipping Point

A term used in shipping contracts to indicate that the buyer is responsible for the goods and the shipping cost from the moment the goods leave the seller's premises.