Brand ________ Refers to Customers' Preference for the Products of Organizations

question 87

Multiple Choice

Brand ________ refers to customers' preference for the products of organizations currently in the task environment.

• A)recognition
• B)positioning
• C)loyalty
• D)saturation
• E)awareness

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Definitions:

Cost of Goods Sold

This refers to the total cost of all the ingredients or materials used to create a product, including labor and manufacturing overhead, subtracted from revenue to calculate gross profit.

Inventory

Inventory represents the goods and materials that a business holds for the ultimate goal of resale or production, encompassing raw materials, work-in-progress, and finished goods.

Accounts Receivable Turnover

A financial ratio indicating how many times a company collects its average accounts receivable during a period.

Accounts Receivable

Debt that customers hold towards a business for received goods or services which remain unpaid.