Period Costs ________

question 64

Multiple Choice

Period costs ________.

• A) include only fixed costs
• B) seldom influence financial success or failure
• C) include the cost of selling, delivering, and after-sales support for customers
• D) should be treated as an indirect cost rather than as a direct manufacturing cost

Grasp the concept and significance of economic communities in global trade.

Analyze the advantages and disadvantages of standardization versus adaptation strategies in international markets.

Know the key environmental factors that influence consumer purchase ability and behavior.

Identify types of companies that experience countercyclical sales.

---

Definitions:

Markup Percent

The percentage by which the cost of a product is increased to determine its selling price.

Cost

The amount of money required to purchase something or the expense associated with creating a product or service.

Markup Percent

The proportion by which the price of an item is marked up to establish its retail price.

Markup Percent

The percentage increase on the cost price of goods to determine the selling price, representing the profit margin.