Managers Can Use the NAICS Data To

question 110

Multiple Choice

Managers can use the NAICS data to:

• A) create a more focused mission statement
• B) eliminate risk
• C) classify consumer behavior
• D) identify potential new customers
• E) determine purchase motives

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Definitions:

Sales

The transactions involving the exchange of goods or services for money, representing a key revenue source for most businesses.

Indirect Costs

Expenses related to operations that are not directly tied to a specific product or service, such as overhead or administrative expenses.

Cost Of Goods Manufactured

The total production cost of goods that are completed during a specific accounting period, including materials, labor, and overhead.

Cost Of Goods Manufactured

The total expense incurred by a company to produce goods during a specific period, including labor, material, and overhead costs.