Chaz Is Tired of Lugging Around a Digital Camera on Location

question 6

Multiple Choice

Chaz is tired of lugging around a digital camera on location site visits as he tries to identify potential retail properties, so he decides to buy a new cell phone with a high quality digital camera. The desire for the new camera was prompted by ________.

• A) marketing mix
• B) prepurchase search
• C) need recognition
• D) evaluation of alternatives
• E) psychological field

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Definitions:

Closing the Revenue

The process of transferring the balances from revenue accounts to a permanent equity account at the end of an accounting period.

Capital Account Balance

The amount in a company or partnership's capital account, representing ownership interest in the entity.

Withdraws

Money taken out of a business by its owner(s) for personal use.

Partnership

A business structure where two or more individuals share ownership, as well as the profits or losses of the business.