________ Is Defined as Is the Process by Which Companies

question 90

Multiple Choice

________ is defined as is the process by which companies create value for customers and build strong customer relationships to capture value from customers in return.

• A) Selling
• B) Advertising
• C) Bartering
• D) Marketing
• E) Negotiating

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Definitions:

Limits Liability

Refers to strategies or legal structures, like forming an LLC, aimed at reducing the financial risk individuals bear.

UCC

Short for Uniform Commercial Code, it's a set of laws that provide legal rules and guidelines for commercial transactions in the United States.

Constituting Contract

An agreement that establishes the rights and obligations between parties.

Payment Term

The conditions under which a seller will complete a sale, often specifying the period allowed to a buyer to pay off the amount due.