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The cost of consumer goods and services (CPI) does not include investment items, such as stocks, bonds, real estate, and life insurance. (These items relate to savings and not to day-to-day consumption expenses.) Ref: alpari.com/en/beginner/glossary/
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How do you count various goods and services and know the total production in each sector of economy?
as thousands of goods and services are produced, it is an enormous task to add up all these . To get to this problem economists suggested that the value of goods and sevices should be used rather than adding the actual numbers. But only one precaution is to be undertaken i.e., only the final value of the goods and services should be counted as it already includes the value of all intermediate goods.
How marketing help in increasing national income?
marketing helps to add value in goods and services produce thus an increase in the national output
What role do sole proprietorship ply in the economic development of a country?
1.Provide tax to the government 2.Provide goods and services 3.Imrove the living standards of the sole proprietor and the family if you got others add please
What is the Difficulties to determined fixed cost and variable cost?
There has always been difficulties in identifying the fixes cost and variable cost for the business for almost all type of business. The cost like electricity cost,telephone cost, and fuel cost etc are the examples of the cost those add complexity in determining the fixed and variable cost. the Actual problem is that these cost occur both and at the production place and the managerial cost. For example the electricity cost increases as porpotion with the amount of the goods produced in the production plant where as it remain almost fixed in the offices.It is difficult to calculate which cost was occured at the office and on the production plant. The answe may not be satisfactory poeople can edit it.
How do you find the selling price?
cost price multiply by profit then add the answer to the cost price =selling price
Which of the following does NOT add to the cost of consumer goods and services?
raising minimum wage
How marketing add value to goods and services?
IT brings the marked close to the comsumers.
How do you measure the gross domestic product?
GDP is a measure of all the goods and services produced by a country. Therefore, to calculate the GDP, you need to add together the various components of the economy that are a measure of all the goods and services produced. Here is a simple formula:GDP = Consumer Spending + Ivestments Made By Industry + Excess of Exports over Imports + Government Spending
What is wheel of retailing and its components?
The Wheel of Retailing is an interesting phenomenon that has observed the tendency of retail stores to progressively add to their services. These services are normally motivated and influenced by consumer desires and aimed to increase consumer satisfaction as well as profits. Many stores have begun as discount retailers but have gradually added services in response to consumer demand.
What is gross profiit?
Gross profit is the answer to this equation:Sales - Cost of Goods Sold (COGS).So, add up your sales, then minus the cost you incurred to create those goods you just sold.
How do you calculate selling price that involve carriage cost?
Carriage is transportation cost. If you are selling the product in your store, you would calculate how much it cost to transport the goods to your store, then factor in the per unit shipping cost. Do a simple COGS (cost of goods sold) calculation. Add the per unit shipping cost to the cost make or buy the product per unit, then add your profit mark-up, say 30%.
How do you count various goods and services and know the total production in each sector of economy?
as thousands of goods and services are produced, it is an enormous task to add up all these . To get to this problem economists suggested that the value of goods and sevices should be used rather than adding the actual numbers. But only one precaution is to be undertaken i.e., only the final value of the goods and services should be counted as it already includes the value of all intermediate goods.
Can officers salary be considered a Cost of goods sold?
Is the promotion expenses for a certain slow moving item can be add to the cost of sales of this item ? This answer is not an answer but another (totally different) question. The question I need answered is: "Can an officer's salary be considered a cost of goods sold?"
How do you calculate net sales when gross margin is known?
Gross margin (also known as gross profit) is the difference between Net sales and Cost of goods sold: Net sales - Cost of goods sold = Gross margin Therefore, if you know Gross margin, add it to Cost of goods sold to get Net sales.
How marketing help in increasing national income?
marketing helps to add value in goods and services produce thus an increase in the national output
How do you compute the cost of products transferred from production to finished goods?
One would need to add together the following costs; materials, labouring and overheads. The sum of these would then be subtracted from the start balance. The answer would then indicate the total cost of the goods.
What would it cost to add internet services to my cable one pkg?
The cost of repairing brakes ranges from 90 to 180 dollars depending on where you go.
