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Technological Change Is Most Advantageous to Organizations Under Which of the Following

question 57

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Technological change is most advantageous to organizations under which of the following conditions?


Definitions:

Operating Expenses

Operating expenses are the costs associated with running a company's core business operations, excluding the cost of goods sold, such as rent, utilities, and payroll.

Merchandising Business

A type of business that purchases goods and sells them at a higher price without changing their form.

Merchandising Income Statement

A financial statement that shows the gross profit, operating expenses, and net income of a company that buys and sells goods.

Administrative Expenses

Administrative Expenses are costs related to the general operation of a business, including expenses such as office supplies, salaries of administrative personnel, and rent.

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