A Company Creates a Document in Which It Identifies Internal

question 8

True/False

A company creates a document in which it identifies internal and external conditions that affect planning. This is known as a competitive analysis.

---

Definitions:

Customer Discount

A reduction in the price of goods or services offered to customers, usually to encourage prompt payment or increase sales volume.

Trade Discounts

A reduction in the listed price of a product or service, offered by sellers to buyers in the commercial market.

Sales Tax

A government-imposed tax on the sale of goods and services, which is typically a percentage of the sales price paid by the consumer.

Sales Account

An account in a company's financial records that tracks the revenue generated from goods and services sold.