________ Is the Activity,set of Institutions,and Processes for Creating,communicating,delivering,and Exchanging

question 139

Multiple Choice

________ is the activity,set of institutions,and processes for creating,communicating,delivering,and exchanging offerings that have value for customers,clients,partners,and society at large.

• A)Demand satisfaction
• B)Competitive advantage building
• C)Marketing
• D)Total Quality Management
• E)Value chain management

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Definitions:

AASB 121

Refers to the Australian Accounting Standards Board provision dealing with the effects of changes in foreign exchange rates.

Exchange Differences

Variance arising from translating foreign currency transactions or foreign operations into the reporting currency.

Presentation Currency

The form of money used to express the financial records of a company.

Net Profit

The amount of income that remains after subtracting all expenses, taxes, and costs from total revenue.