Geofencing Consists of Sending Promotional Alerts to the Smartphones of Customers

question 14

True/False

Geofencing consists of sending promotional alerts to the smartphones of customers who are near or had entered the store.

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Definitions:

Days' Sales

A financial metric that calculates the average time it takes for a company to convert its inventory into sales.

Inventory

The total amount of goods, raw materials, and finished products that a business has on hand at any given time.

Overstated Inventory

A situation where the book value of inventory is recorded higher than its actual physical count or market value, potentially misleading financial statements.

Owner's Equity

The residual interest in the assets of a business after all liabilities are deducted, often considered the net worth of a business.