Examlex
A salesperson makes a sales presentation to customers Jake and Jason.During the presentation with Jake,the salesperson asks him,"How many people use your coffee machine?" During the presentation with Jason,the salesperson asks him,"Is the cost of maintaining your coffee machine becoming an issue?" Classify the question type based on the SPIN (situations questions,problem questions,implication questions,need payoff questions) technique used by salespeople to understand a prospect's needs.
Periodic Net Income
The net earnings or loss for a specific reporting period, reflecting the company's operational efficiency and earnings capacity.
Cash Basis
A financial recording technique that only acknowledges income and expenditures upon the actual receipt or disbursement of cash.
Revenue Recognition
The accounting principle that dictates the specific conditions under which income is recognized by an entity.
Accrual Basis
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction happens.
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