A Company Is Concerned with Developing an Efficient System for Merchandise

question 50

Multiple Choice

A company is concerned with developing an efficient system for merchandise to be distributed in the right quantities, to the right locations, and at the right time in the most efficient way.It is making:

• A)people decisions.
• B)price decisions.
• C)place decisions.
• D)product decisions.
• E)promotion decisions.

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Definitions:

Accounts Receivable

Accounts Receivable represents the money owed to a company by its customers for goods or services delivered but not yet paid for.

Sales Revenue

The income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Accounts Payable

Liabilities to creditors, representing amounts the company owes for goods and services it has received but not yet paid for.

Note Receivable

A financial asset representing a written promise to receive a specific amount of money, plus interest if applicable, by a certain date.