High-technology and fashion are types of industries likely to frequently
a. cost of goods sold.
b. the average cost basis.
c. the lower-of-cost-or-market (lcm) basis.
d. the historical cost basis.

High-technology and fashion are types of industries likely to frequently use the lower-of-cost-or-market (LCM) basis.

Explanation:

Price or demand lowering is a conservative approach to product assessment and monitoring. The product is usually terminated at historical cost. Furthermore, sometimes the original cost of the final stock is higher than the net achievable value and therefore the inventory has dropped in value.

Using the cheaper price or the lower trade means likening the market value of each product with its costs at the end of the stock and then use the lower value as inventory importance.

The LCM rule has recently been changed, simplifying things for companies that don't use the first-out or manufacturing method. The interventions can only be applied to the cheaper cost and the net realisable benefit in compliance with the new rules.