A Company Selling Shoes Online to Consumers Is Following Which

question 11

Multiple Choice

A company selling shoes online to consumers is following which business model?

• A)Merchant
• B)Brokerage
• C)Aggregation

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Definitions:

Cost Of Goods Sold

The expenses directly related to the manufacture of the products a company sells.

Product Costs

The total costs incurred to manufacture a product or provide a service, including direct materials, labor, and overhead expenses.

Inventories

Items of merchandise, raw materials, work-in-progress, and finished goods that a company holds for the purpose of sale in the ordinary course of business.

Raw Materials

The basic materials from which products are manufactured or made, typically unprocessed or minimally processed states.