Which Term Best Describes the Marketing Concept

question 12

Multiple Choice

Which term best describes the marketing concept?

• A) consumer-oriented
• B) production-oriented
• C) sales-oriented
• D) society-oriented
• E) competition-oriented

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Definitions:

Withdrawal of Cash

The act of taking money out from a business by the owners for personal use, not related to business expenses.

Cash Receipts Journal

A financial journal that records all cash coming into the business, providing a record of income from various sources.

Cash Payments Journal

A business ledger documenting every cash disbursement, covering costs, acquisition of assets, and settlement of debts.

Purchases Journal

A specialized accounting journal used to record all purchases of merchandise on credit.