Which of the Following Is Part of the Marketing Process

question 231

Multiple Choice

Which of the following is part of the marketing process?

• A) developing an understanding of company finances available for new products
• B) determining an appropriate brand name for a new product
• C) designing the most efficient method of production of a new product
• D) contacting suppliers after a purchase to ensure producer satisfaction

---

Definitions:

Process Cost System

An accounting method used to track the costs associated with processes that produce homogeneous products.

Process Cost System

An accounting methodology used to accumulate and assign costs to products or services that are indistinguishable from each other, typically used in manufacturing.

Work In Process Account

An account used to compile all costs (materials, labor, and overhead) related to partially completed goods.

Equivalent Units

A concept in cost accounting used to calculate the quantity of production by converting partially completed units into a number of fully completed units.