Indirect Costs in Time and Money Spent Adjusting to a New

question 34

Short Answer

Indirect costs in time and money spent adjusting to a new product that competes with the old is an example of implicit___________ .

---

Definitions:

Gross Margin Percentage

A financial ratio that indicates the percentage of revenue that exceeds the cost of goods sold (COGS), a measure of profitability.

Total Assets

The total sum of all assets, both current and non-current, owned by a business.

Average Collection

The average period of time it takes for a business to receive payments owed by its customers.

Debt-to-equity Ratio

A measure of how a company's assets are financed, comparing the roles of shareholder equity and debt.