When an Organization's Customers Put Pressure on the Organization to Reduce

question 5

Multiple Choice

When an organization's customers put pressure on the organization to reduce prices on its goods, this is a force in the organization's:

• A)industry-specific environment
• B)general environment
• C)political environment
• D)socio-cultural environment
• E)legal environment

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Definitions:

Revenues

The total amount of money earned by a company from its normal business activities, typically from the sale of goods and services to customers.

Trial Balance

A financial worksheet where all ledger balances are totaled into debit and credit columns which balance equally.

Office Supplies

Items used in offices for daily operations, such as stationery, paper clips, and staplers.

Accounts Receivable

The amount of money owed to a business by its customers for goods or services delivered but not yet paid for.