Examlex
Which of the following refers to a marketing strategy in which the focus is on small but profitable market segments?
LIFO
Last-In, First-Out, an inventory valuation method where the most recently acquired items are recorded as sold first.
Retail Inventory Method
An accounting method used to estimate inventory cost for retail businesses by applying a constant gross margin percentage.
Gross Profit Ratio
A financial metric that measures a company's gross profit as a percentage of its revenues, indicating efficiency in using labor and supplies.
Net Realizable Value
The estimated selling price of an item in the ordinary course of business minus any cost associated with the sale or disposal of the item.
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