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Which of the following include thoughts, opinions, philosophies, and intellectual concepts that can be marketed?
Gross Profit
Gross profit is the financial metric that results from subtracting the cost of goods sold from revenue, showing the profitability of a company before accounting for operating expenses.
Income from Operations
Net earnings generated from a company's normal business operations, excluding revenues and expenses from non-operational activities.
Periodic Inventory System
An inventory system where updates to inventory levels are made on a periodic basis rather than continuously.
Cost of Goods Sold
Cost of Goods Sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor.
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