Industry Analysts Classify the Hundreds of Companies That Produce Personal

question 105

Multiple Choice

Industry analysts classify the hundreds of companies that produce personal computers into market ____.

• A) segments
• B) tiers
• C) clusters
• D) sectors

---

Definitions:

Merchandise Inventory

Merchandise Inventory refers to the products a company has in stock that are ready to be sold, represented as an asset on the balance sheet.

Cost of Goods Sold

This is the direct costs attributable to the production of the goods sold in a company.

Perpetual Inventory System

An inventory management system where records of inventory quantities are updated on a continuous basis as transactions occur.

Accounts Payable

The amount of money a company owes creditors (suppliers, etc.) in return for goods and services they have delivered.