Besides Being Innovative in Some Way, a Second Defining Characteristic

question 74

Multiple Choice

Besides being innovative in some way, a second defining characteristic of an entrepreneurial venture is that it is ________.

• A)small in size
• B)focused on growth
• C)dedicated to quality
• D)original and creative

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Definitions:

Freight Cost

The charge incurred for transporting goods via air, land, or sea.

Periodic Inventory System

An inventory accounting method where the inventory count and the cost of goods sold are determined at the end of an accounting period.

Merchandise Inventory

Goods or products that a company holds with the intention of selling them to customers for a profit.

Freight In

The cost associated with transporting goods from the supplier to the buyer, which is often added to the purchase cost of inventory.