Which of the following is not a component of operating expenses in a golf shop?

In the context of a golf shop's operating expenses, inventory purchase costs are typically classified as a cost of goods sold rather than an operating expense. Operating expenses usually encompass ongoing costs associated with running the business, such as utilities, salaries, and marketing expenses. These costs are incurred regardless of sales levels and are necessary for the day-to-day operation of the shop.

Utilities represent essential services that keep the shop functioning, while salaries relate to the compensation of staff who assist in operations. Marketing expenses are also considered necessary as they help promote the business and attract customers. In contrast, the cost of purchasing inventory is directly tied to the items sold and is accounted for separately from operating expenses, which focus on the broader costs to keep the business running. This distinction helps management understand profitability and control costs more effectively.