_____ Refers to Efforts to Create,develop,and Defend Markets That Satisfy

question 55

Multiple Choice

_____ refers to efforts to create,develop,and defend markets that satisfy individual and business customers.

• A) Marketing
• B) Supply chain
• C) Sales
• D) Business management

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Definitions:

Credit Sales

Sales made by a business wherein the payment is postponed, leading to the creation of an account receivable.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including both materials and labor expenses.

Inventory

Items held by a company for sale in the ordinary course of business or to be used in the production of goods sold.

Contra-Revenue Accounts

Accounts used to record reductions in gross revenue, such as sales returns, allowances, and discounts, to arrive at net revenue.