In Choosing Points-Of-Difference,one of the Primary Considerations Is That Consumers

question 60

Essay

In choosing points-of-difference,one of the primary considerations is that consumers find points-of-difference desirable.There are three key consumer desirability criteria for points-of-difference.What are those three criteria?

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Definitions:

Public Confidence

The level of trust and belief that the general public has in the stability and integrity of a financial market, institution, or economy.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

Voucher System

An internal control mechanism in accounting that involves the use of vouchers to record transaction details prior to disbursement of funds.

Account Payable

Money owed by a company to its suppliers or creditors for goods or services received, considered a current liability on the balance sheet.