Examlex
An elaborate product display in a grocery aisle and an employee handing out free samples of a new product are both examples of ________.
External Users
Individuals or entities outside of a company who use its financial statements, such as investors or creditors.
Internal Users
These are individuals or groups within an organization who use financial and other data in directing and controlling its operations; they include management, employees, and internal auditors.
Cost of Goods Sold
The costs directly related to the manufacturing of products sold by a business, which encompass both materials and labor expenses.
Cost of Goods Manufactured
The total cost of producing goods during a specific period, including labor, material, and overhead expenses.
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