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What type of software enables the marketing professional to develop "copy" materials for advertisements?
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some data points more than others.
Gross Profit
The financial metric calculated by subtracting the cost of goods sold from total sales revenue.
LIFO Method
An inventory valuation method that assumes the last items placed in inventory are the first ones sold; stands for Last-In, First-Out.
Physical Count
The process of manually counting the actual inventory on hand at a specific point in time to verify stock levels and accuracy of records.
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