Greg Is Working as a Marketing Trainee for an Online

question 19

Multiple Choice

Greg is working as a marketing trainee for an online Music CD and video retailer.His boss called a meeting for next week with one thing on the agenda: "Bring with you your ideas about how we can gain a competitive advantage." Greg plans to provide the following response:

• A)Create a management-driven environment with lots of employee training.
• B)Create a customer-driven environment where we constantly try to create customer value.
• C)Restructure the organization so that there is always a manager on duty to chat with online customers who are having problems with their orders.
• D)Always match the promotions of our competitors.Price is the only thing customers care about.

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Definitions:

Average Sale Period

The average sale period is a financial metric indicating the average time taken to convert inventory into sales, also known as the inventory turnover period.

Balance Sheet

An accounting document that outlines a business's resources, debts, and stakeholders' equity at a designated time.

Sales On Account

Sales made on credit, where the buyer is allowed to pay at a later date.

Cost Of Goods Sold

The direct expenses incurred in the production process of goods a company retails, consisting of materials and labor.