Examlex
_____ encompasses all the activities a company performs in selling and buying products and services,using computers and communication technologies.
Income Statement
A financial statement that shows a company's revenues and expenses over a specified period, ending with net income or loss.
Administrative Expense
Expenses related to the general operation of a business, such as office salaries and utilities, not directly tied to production.
Selling Expense
Costs incurred directly from selling goods or services, including advertising, sales commissions, and store maintenance.
Cost of Goods Sold
Cost of Goods Sold (COGS) measures the direct costs associated with producing goods that a company sells during a period, including materials and labor.
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