Differentiate Between Custom, Option, and Standard Goods and Services

question 78

Essay

Differentiate between custom, option, and standard goods and services. Also, give a goods and a service example of each.

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Definitions:

Net Income

The amount of earnings remaining after all expenses and taxes have been subtracted from total revenue.

Return Ratio

Financial metrics used to evaluate the efficiency or profitability of an investment relative to its cost.

Earnings Per Share

A financial metric that measures the profitability of a company on a per-share basis, calculated by dividing the company's net income by the number of outstanding shares.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue, often referred to as the bottom line.