The Biggest U

question 25

True/False

The biggest U.S.export category consists of mass-produced products of popular culture.

---

Definitions:

Operating Expenses

Expenses incurred through normal business operations, excluding costs related to production or manufacturing.

Cost of Goods Sold

Financial outlays directly incurred during the production of goods a company retails, involving material and labor.

Merchandise

Goods that are bought and sold in the course of business operations, typically in a retail or wholesale context.

Credit Terms

The conditions under which a seller extends credit to a buyer, including the repayment time frame and any interest or discounts.