Creating A(n)_____ Plan Is the First Step in Putting Together

question 28

Multiple Choice

Creating a(n) _____ plan is the first step in putting together your business plan.

• A)marketing
• B)operational
• C)financial
• D)human resource

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Definitions:

Product Cost

The total expense incurred to produce and deliver a product to the market, including materials, labor, and overhead costs.

Radio Commercial

An advertisement that is broadcasted on the radio to promote goods, services, or ideas to a wide audience.

Selling Expense

Costs incurred directly and indirectly in making sales, including advertising, sales staff salaries, and commissions, but not the cost of goods sold.

Period Cost

Expenses that are not directly tied to the production process and are expensed in the period in which they occur.