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The U.S.Census Bureau defines the "family" as
Gross Profit
The difference between revenue and the cost of goods sold (COGS), indicating the profit a company makes after deducting the costs associated with making and selling its products or services.
Inventory Purchases
The acquisition of goods and materials a company intends to sell in its ordinary course of business.
Beginning Inventory
The value of goods available for sale at the start of an accounting period.
Beginning Inventory
The value of all inventory held by a company at the start of an accounting period.
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