Which of the Following Categories of Goods and Services Is

question 146

Multiple Choice

Which of the following categories of goods and services is most likely to require an aggressive use of the selling concept?

• A) shopping goods
• B) unsought goods
• C) necessary goods
• D) luxury goods
• E) complementary goods

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Definitions:

Journal Entry

A record in accounting that represents the debit and credit sides of a transaction, reflecting changes in account balances.

Invoice

A document issued by a seller to a buyer that lists goods or services provided, their prices, and the total amount owed.

Prepaid Services

Expenses paid in advance for services which are to be received in the future.

Unearned Fees

Income received by a business for services not yet performed or goods not yet delivered.