Which of the Following Is Not Considered One of the Five

question 85

Multiple Choice

Which of the following is not considered one of the five major environmental factors in marketing?

• A)consumer
• B)social
• C)technologic al
• D)competitive

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Definitions:

Incurred Expenses

Costs that have been realized or consumed, typically through the operation of a business.

Net Income

The total earnings of a company after deducting all expenses, including taxes and costs, from its total revenues, indicating its profitability.

Generally Accepted Accounting Principles

A set of standards, principles, and procedures that guide the accounting practices and financial reporting in the U.S.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.