A Retail Store Sells T-Shirts for $85 and Purchases Them

question 76

Multiple Choice

A retail store sells t-shirts for $85 and purchases them for $60. The store's cost of goods sold would be:

• A)$25.
• B)$85.
• C)$60.
• D)none of the above.

---

Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Organizational Strategy

A plan of action designed to achieve a long-term or overall aim within an organization, reflecting its mission, vision, and overarching goals.

Human Capital

Represents the economic value that an employee's skill set and knowledge brings to an organization.

High Demand

A situation where the need or desire for a product, service, or skill exceeds the supply or availability at the current price, often leading to increased prices or shortages.