The Key to Coordination Is to Ensure That Functional Areas

question 15

Multiple Choice

The key to coordination is to ensure that functional areas maintain:

• A) the ability to envision future goals
• B) consensus at all organizational levels
• C) agreement on major marketing functions
• D) ample time for planning
• E) open lines of communication

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Definitions:

ACP

Average Collection Period, indicating the average number of days it takes for a company to collect its receivables.

Pledging Receivables

Pledging receivables involves using the money owed to a company by its customers as collateral for a loan.

Effective Cost

Effective cost refers to the total cost of a financing option when all charges, fees, and interest payments are taken into account.

Annual Rate

The interest rate for a period of one year, often used to compare the yields of different investment and financing options.