Examlex
All of the following are true of the race concept except:
Pricing
The act of determining the value that will be charged for goods or services offered by a business.
Gross Profit
The financial gain calculated by subtracting the cost of goods sold from total revenue.
Inventory
The total amount of goods and materials held in stock by a business, shop, or warehouse.
Administrative Expenses
Ongoing expenses associated with the general operation of a business, such as office supplies, salaries of non-sales personnel, and utilities.
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