Gross profit equals the difference between
a. net income and operating expenses.
b. net sales revenues and cost of goods sold.
c. net sales revenues and operating expenses.
d. net sales revenues and cost of goods sold plus operating expenses.
Ans: b. net sales revenues and cost of goods sold.
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Which of the following statements correctly describes importing?
A) when a company makes goods domestically to sell domestically B) when a company buys goods from another country and sells them domestically C) when a company makes goods domestically and sells them to other countries D) when a company contracts a foreign company to produce goods to sell around the world E) when consumers buy goods in another country and bring them to their home country
In response to the government's decision to increase the taxes on the food industry, companies involved in the food services industry decide to form a coalition
It works together and launches advertisements to reveal the effect of the legislation on people's monthly expenditure and future savings. Which of the following is applicable here? a) lobbying b) peak associations c) electoral support d) public advocacy