Which of the Following Is Not Considered a Source of Competitive

question 30

Multiple Choice

Which of the following is not considered a source of competitive marketing intelligence?

• A) online research
• B) competitors' internal databases
• C) benchmarking competitors' products
• D) observing consumers firsthand
• E) monitoring social media

Understand the fundamental concepts of debits and credits in accounting.

Comprehend the structure and purpose of a general ledger in financial accounting.

Identify the characteristics and classification of different types of accounts (asset, liability, equity, revenue, and expense).

Recognize the role and construction of T-accounts in the accounting process.

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Definitions:

Net Income

The end profit for a business after total revenue is reduced by expenses and tax obligations.

Perpetual Inventory System

An approach to inventory management where inventory levels are updated in real-time following each sale or purchase.

Sales Return

Goods returned by the customer to the seller after the sale, leading to a reversal of revenue recorded.

Collection

Collection involves the process of gathering or receiving payments, funds, or necessary documents, especially in the context of business receivables or debts.