What Is the Next Step That a Business Organization Has

question 23

Multiple Choice

What is the next step that a business organization has to perform after completing the situation analysis?

• A)identifying the organization's objectives
• B)evaluating the effectiveness of the marketing plan
• C)evaluating market performance
• D)conducting segmentation, targeting, and positioning
• E)setting marketing objectives for the organization

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Definitions:

Voucher Register

A record of vouchers, which are documents evidencing expenditure or the transfer of funds.

Book Of Vouchers

A ledger or book that contains vouchers, which are documents or files acting as evidence for transactions.

Gross Method

A method of recording purchases of inventory at their gross price without any deduction for trade discounts at the time of purchase.

Periodic Inventory Method

An accounting approach where inventory values and cost of goods sold are determined at the end of an accounting period through physical inventory counts.