By Offering Consumers Greater Value and Satisfaction, Companies May Gain

question 55

Multiple Choice

By offering consumers greater value and satisfaction, companies may gain a(n) over their competitors.

• A) competitor's strategy
• B) market strategy
• C) improved recall
• D) competitive advantage
• E) increase in suppliers

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Definitions:

Collection Time

The average period it takes a company to receive payments owed by its customers, reflecting its efficiency in managing credit and collecting debts.

Money Market Securities

Short-term debt instruments issued by governments, financial institutions, or corporations, typically with high credit quality and liquidity.

Collection Float

The interval between the deposit of a check and the availability of the funds in the beneficiary's account.

Cheques

Written orders to banks to pay a specific amount of money from the writer's bank account to the person or entity named on the cheque.