Customers Become Frustrated If a Company Does not Have a Product

question 60

Multiple Choice

Customers become frustrated if a company does not have a product available when they order it.This is called

• A)a sell out.
• B)spoilage.
• C)obsolescence.
• D)a stockout.

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Definitions:

Big Bank

A colloquial term often used to describe very large multinational banking and financial services corporations.

Capital Contribution

The act of injecting financial resources or assets into a company or partnership by its owners or partners.

Partnership Agreement

A contractual document among partners that outlines the terms, conditions, and operational procedures of a partnership business.

Personal Loan

An unsecured loan provided by financial institutions, based on the borrower's credit history and ability to pay back, for personal use.