Products Organizations Buy That Assist in Providing Other Products for Resale

question 144

Multiple Choice

Products organizations buy that assist in providing other products for resale are referred to as

• A)reseller goods.
• B)wholesale goods.
• C)business products.
• D)ancillary products.
• E)retail products.

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Definitions:

After-Tax Income

The net income an individual or corporation receives after all income taxes have been deducted from gross income.

Common Shareholders

Individuals or entities that own common shares in a corporation, granting them voting rights and a share in the company’s profits via dividends.

EPS

Earnings Per Share; a company's profit divided by the outstanding shares of its common stock.

Fiscal Year

A one-year period used by governments and businesses for accounting and financial reporting purposes, which may not coincide with the calendar year.