In Terms of Promotion, Which of the Following Types of Goods

question 105

Multiple Choice

In terms of promotion, which of the following types of goods would stress price, availability, and awareness?

• A)specialty
• B)unsought
• C)shopping
• D)convenienc e

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Definitions:

Sales Journal

A specialized accounting journal that records the company's sales transactions, typically on credit.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

Accounts Receivable

Money owed to a company by its debtors for goods or services that have been delivered or used but not yet paid for.

Purchases

Merchandise for resale. It is a cost.