Explain the Differences Among the Terms Brand,brand Name,brand Mark,trademark,and Service

question 151

Essay

Explain the differences among the terms brand,brand name,brand mark,trademark,and service mark.

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Definitions:

Credit Sales

Sales transactions in which the customer is allowed to pay for goods or services at a later date, creating accounts receivable for the seller.

Cash Disbursements

The total amount of cash payments made by a business, including expenses, purchases, and debt payments.

Material Purchases

The total cost of raw materials acquired for use in the production process.

Est. Cost of Goods Sold

An estimated figure representing the cost directly associated with the production of the goods sold by a company.