Which of the Following Is Likely to Be a Core

question 80

Multiple Choice

Which of the following is likely to be a core competency for a company?

• A)availability of commodities
• B)ability to set up an R&D unit
• C)ability to innovate
• D)ability to outsource

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

Collections

The process of pursuing payments of debts owed by individuals or businesses, typically referring to the accounts receivable department's efforts.

Merchandise Purchases

The acquisition of goods for resale, typically in a retail or wholesale business setting.

Cost of Goods Sold

The expenses directly tied to the creation of the products sold by a business.