7. Finance is vital for which of the following business activity (activities)?Select correct option:

7. Finance is vital for which of the following business activity (activities)?Select correct option:Marketing ResearchProduct PricingDesign of marketing and distribution channelsAll of the given options8. Which of the following costs are reported on the income statement as the cost of goods sold?Select correct option:Product costPeriod costBoth product cost and period costNeither product cost nor period cost9. Standard Company had net sales of Rs. 750,000 over the past year. During that time, average receivables were Rs. 150,000. Assuming a 365-day year, what was the average collection period?Select correct option:5 days36 days48 days73 days