Sales for a firm is calculated as:
Answer & explanation
Correct answer: option 3
The value of output is calculated by adding sales and change in stock i.e.
Value of output = Sales + Change in stock
Sales = Value of output - Change in stock
Sales for a firm is calculated as:
Correct answer: option 3
The value of output is calculated by adding sales and change in stock i.e.
Value of output = Sales + Change in stock
Sales = Value of output - Change in stock