Refer to the Scenario Below to Answer the Following Questions

question 53

Multiple Choice

Refer to the scenario below to answer the following questions.
Mohd Noor acquired Peng Spare Parts at a low point. The distributor of automotive parts and accessories had been criticized for a number of wrongdoings. Without fully realizing the extent of Peng's problems, Noor purchased the distributorship in hopes of turning it around. "But the harder I work," Noor admitted, "the more Peng's earlier problems seem to unfold." Noor began to rethink his strategy, trying to put a sound plan in place that would allow Peng's to move forward.
-Ideally Peng's should engage in ______________ and strive to produce ___________.

• A) societal marketing; pleasing products
• B) societal marketing; salutary products
• C) societal marketing; deficient products
• D) societal marketing; desirable products
• E) social marketing; desirable products

Grasp the factors influencing a firm's level of receivables and the impact of credit policy on these levels.

Recognize the criteria for extending credit to new customers.

Comprehend the role and importance of a company’s collection policy.

Understand the use of trade credit and the information exchanged through credit bureaus.