The costs that include design, material, manufacturing, packaging, and other costs before a sale can be made to the customer is referred to as
a. customer directed costs
b. presales costs
c. cost of goods sold
d. operating costs
c. cost of goods sold
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[APPENDIX] Gordon Vending, a sole proprietorship, had the following balances and transactions during 2015: beginning capital, $40,000; contribution of cash to the business by the owner, $15,000; revenue, $60,000; expenses, $35,000; withdrawal by the owner, $5,000 . What is the amount of the ending capital balance?
a. $40,000 b. $60,000 c. $75,000 d. $85,000
The overall challenge for marketers when developing packaging is to
A. make it as attractive as possible to the target market of the product. B. create effective, convenient packaging that appeals to customers and keeps costs low. C. find ways to reduce costs as much as possible for packaging without letting safety suffer. D. always be more innovative than the competitors in order to make a product stand out. E. ensure that product damage is minimized during distribution.
Contract remedies provided as exclusive will not preclude Code remedies if circumstances cause the remedy to fail in its essential purpose
Indicate whether the statement is true or false
Kathy is driving Chaz, her young son, home from soccer practice when Chaz say, "Mom, I'm thirsty." Kathy immediately pulls the SUV into the nearest gas station and buys Chaz a Coke. For Kathy, the Coke is best described as an example of buying a _____ product.
A. homogeneous shopping B. heterogeneous shopping C. convenience D. specialty E. component